Indian Oil Corporation Ltd. (IOCL) Petrol Pump Dealership

The prevailing notion among a significant percentage of the populace in our country is that the petrol pump business is a successful enterprise with good profits. However, during the last few decades, the profitability of gas stations has changed drastically. The expanding number of vehicles on the road in the United States has increased fuel demand, which in turn has increased the demand for gas stations. According to statistics, an average petrol pump in India sells about five lakh liters of fuel, diesel, and gasoline each month. Indian Oil Corporation Limited (IOCL) is a Maharatna oil and gas firm operated by the Indian government and based in New Delhi. The company owns and runs 26,489 fuel stations across India. The guidelines for opening an IOCL Retail Outlet Petrol Pump Dealership are detailed in this article.

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Locations for IOCL Retail Outlet

After conducting the necessary feasibility studies and taking into account commercial considerations, IOCL selects areas for the establishment of Petrol or Diesel retail outlets.

• Routine Retail Outlets (ROs): Highways (NH/SH) and Urban Semi-Urban Areas
• Kisan Seva Kendra (Rural Retail Outlet): Locations in rural areas but not on highways (NH/SH).

Mode of Selection of IOCL Retail Outlet Dealers

In the case of Regular ROs, two newspapers, one in English and one in a regional vernacular newspaper with wide circulation in the area where the location falls, will be marketed; in the case of Rural ROs, one local/vernacular newspaper and one state-level newspaper would be advertised. Persons who meet the qualifying criteria can apply for an IOCL retail shop, and following a thorough interview procedure, a selection will be made from among the qualified applicants. The applicant can also obtain information about the advertising on the IOCL's official website. For the establishment of the IOCL Retail Outlet, direct offers of retail outlet land may be explored. In such circumstances, the viability of the place will be reviewed following receipt of such direct provides, and if proven viable, the advertisement will be published in two major newspapers. The IOCL dealer will be chosen after a thorough examination of the available land. Note: Government agencies or public sector enterprises (PSUs) may be considered for dealership awards without having to advertise.

Eligibility Criteria

The eligibility requirements for opening an IOCL retail location are detailed below:

Eligibility Criteria for Individuals

• An IOCL Petrol Pump can be owned by an Indian resident (according to Income Tax laws).
• IOCL dealers must be between the ages of 21 and 55, with the exception of Freedom Fighter under the CC2 category.
• To operate a Kisan Seva Kendra (Rural RO), the applicant must have completed at least 10th grade. Note: Candidates who do not meet the minimal educational requirements should be able to read, write, and count.
• To create Regular ROs, the candidate must pass an examination at the HSC level administered by a Board or University.
• In the case of Kisan Seva Kendra, an applicant must be a resident of the district in question.
• Those who are classified as Scheduled Castes or Scheduled Tribes (SC/ST) under the Indian Constitution can apply for SC/ST Dealership.
• According to the advertisement, widows can apply for an IOCL dealership.
• Arjuna Awardees, Asiad/Commonwealth Games and Recognized World Champions, Olympic Medalists, National Champions under Recognized National Championships, and National Adventure Awardees are eligible for the reserved category.
• Under the reserved category, freedom fighters can apply for an IOCL dealership.
• Personnel from the paramilitary, police, and government (PMP) are also qualified for the reserved category. Dealership for IOCL retail outlets.

Eligibility Criteria for Partnerships

Each partner should be required to meet the above eligibility criteria on their own, and each partner should submit separate application forms.

Eligibility Criteria for Entity (Non-Individual Applicants)

Government Bodies or Agencies, Societies registered under the Societies Registration Act 1860 or Societies registered under the Co-operative Societies Act, 1912 or Co-operative Societies Act, Charitable Trusts registered with the Charity Commissioner, Companies formed under the Companies Act, 1956 and 2013 are all examples of non-individual entity applicants (except Pvt. Ltd. companies).

• The entity must be registered in India.
• The entity's registration or incorporation date must be at least three years old.
• Land: All of the restrictions that apply to individuals apply to land, with the exception of clauses that apply to property owned by the family unit.
• Finance: The entity will be subject to all of the conditions that apply to people.

Eligibility Criteria as per Finance

The financial need for eligibility for a regular IOCL retail outlet will be Rs. 25 lakhs, while the fund required for a rural retail outlet will be roughly Rs. 12 lakhs. The funds can be in any of the following formats:

• Investing in mutual funds
• National Savings Schemes
• Funds in registered firms or postal schemes
• Money in savings accounts and bank deposits
• Shares in the company

Note that only 60% of the certified value (for stocks, mutual funds, and bonds) will be taken into account for determining eligibility.

Persons not eligible for IOCL Petrol Pump Dealership

The following individuals are ineligible for an IOCL dealership:

• Persons convicted guilty or charged with any criminal offense including moral turpitude or economic offense by a court of law (other than freedom struggle)
• A mentally ill or paralyzed individual
• Signatory to any oil company's RO, SKO-LDO dealership, or LPG distributorship agreement that was terminated due to deterioration or malpractice.

Financial Assistance for Petrol Pump Dealership

Under the IOCL's 'Corpus Fund' initiative, applicants from Scheduled Castes and Scheduled Tribes would be offered financial aid when dealerships are awarded.

• For areas earmarked for ST/SC categories applicants, the IOCL Company would make ready IOCL Retail shops with all basic facilities available at no cost to the applicant. As a result, SC/ST applicants seeking for locations covered by the "Corpus Fund Scheme" (CFS) are not obliged to provide land, facilities, infrastructure, or financing.
• IOCL will additionally provide a sufficient working capital loan to cover the whole business cycle of the IOCL Dealership. From the thirteen months following the IOCL Dealership's commissioning, both the working capital and the 11% annual interest rate will be increased in hundred equal monthly increments.
• Unmarried women over 40 years without earning parents and widows who have been given a dealership for sites reserved for women would be eligible for the facilities indicated above if they request it at the time of application for an IOCL dealership.

License Fee

All IOCL dealers, including those who use the Corpus Fund, must pay the IOCL a License fee as determined by the IOCL from time to time.

Investment Details – IOCL Retail Outlet

The capital investment necessary to open an IOCL petrol pump outlet varies by location, depending on the cost of land, the size of the site, and the facilities that must be created to fulfill the needs of consumers in the IOCL retail outlet's trade region. In the advertisement, the estimated investments required for the construction of infrastructure and facilities at New IOCL retail shops will be listed.

Bidding amount

A non-refundable fixed charge of Rs. 5 lakhs for Rural IOCL (Kisan Seva Kendra) retail outlets and Rs. 15 lakhs for Regular IOCL retail outlets would be payable in the event of dealer-owned or company-leased sites. When bidding for allotment on HP corporation-owned sites, a minimum bidding sum of Rs. 10 lakhs for Rural IOCL retail outlets and Rs. 30 lakhs for normal retail outlets will be required. For Rural IOCL ROs, the applicant must deposit Rs. 50,000, and for Regular IOCL retail outlets, Rs. 1.5 lakhs.

Application Fee for IOCL Retail Outlet Petrol Pump Dealership

• A cost of Rs.100 is required for Rural ROs, and a fee of Rs.50 is required for SC/ST applicants for Kisan Seva Kendras.
• An Rs.1000 application fee is required to apply for ordinary IOCL ROs. The fee for SC/ST applicants is Rs.500.

Note: The application fee must be paid in the form of a demand draught made out to the Indian Oil Corporation Limited (IOCL).

Documents Required for Petrol Pump Dealership

Along with the application form for IOCL retail outlet dealership, the applicant must submit the following papers.

• A certificate of residence
• A copy of the 10th Standard Board Certificate, Secondary School Leaving Certificate, Birth Certificate, Passport, and Identity Card issued by the Election Commission should be submitted as proof of age.
• An equivalent certificate is given by the relevant authorities or State Government or Government of India for educational qualifications from international universities and boards.
• A copy of your passport, a bank statement, and deposit receipts
• Redemption value - valuation certificates and a copy of the NSC are required.
• A copy of the Demat statement as well as valuation certificates
• A copy of mutual fund certificates or Demat statements, as well as valuation certificates
• For the previous three financial years, registered societies or businesses must have produced a net profit, as attested by a Chartered Accountant.
• Outstanding athletes should enclose a copy of their certificate from the Indian government's Department of Youth Affairs and Sports.
• A certificate from the Directorate General of Resettlement (DGR), Ministry of Defence, Government of India, is required for those in the Defence Personnel category.
• Applicants for dealerships under the Freedom Fighters (FF) category must submit a Tamrapatra or a Pension Order from the Ministry of Home Affairs, Government of India.

Documents Required for Ownership Proof

In support of the ownership of land offered for the IOCL Dealership, the applicant shall provide at least one of the following materials:

• Khasra or Khatauni or any equivalent revenue document or certificate from a revenue authority certifying the status of the land transaction
• Registered Lease deed for a minimum duration
• Registered Sale deed or Registered Gift Deed
• Any other type of ownership or transfer deed document – Mutation

IOCL Retail Outlet Dealership Application Procedure

The following is a detailed description of the IOCL Retail Outlet Dealership Application Process: The application form for the IOCL dealership can be printed out and filled out on plain paper in the format provided below. Note: In the event of a partnership, each partner will be required to submit a separate application form as well as a separate application fee. Before the due date and time, a completed application form, along with all applicable documents, should be sent to the office address listed in the advertisement for a location.

Affidavit

Along with the application, candidates must provide an affidavit in the prescribed format establishing their identity. Here is an affidavit format for an individual that we have attached: The following is the format for an affidavit for an entity: Note: Affidavits must be signed in original on stamp paper of acceptable value as determined by the concerned State, and stamp papers must be acquired in the deponent's name. Affidavits must be signed after the date of publication. All other certificates needed to use the IOCL retail outlet dealership format can be found here:

Security Deposit

The candidate issuing the appointment letter will be required to deposit an interest-free refundable security deposit of Rs.10,000.

Get Appointment Letter for Petrol Pump Dealership

The corporation will send a letter of intent to the chosen dealership after verifying the facts.

Categories of Applicant

Following receipt of the application, the applicants will be divided into two categories, as listed below, based on the land they have offered.

• Group 1: Applicants must own or have a long-term lease on a suitable piece of land in the stated location or area for a minimum of years (as advertised by IOCL).
• Group 2: Applicants have a firm offer for a suitable piece of land to buy or a long-term lease for a minimum of three years (as advertised by IOCL).

Basic Facilities – Operation of IOCL Petrol Pump Dealership Retail Outlet

Each IOCL dealer will be required to provide the following basic services:

• Salesroom
• Driveway (as per approved drawing)
• Boundary wall/fencing (according to authorized plans)
• The use of electricity (inclusive of deposit)
• Extinguishers (fire extinguishers) (as per norms)
• Air Conditioning
• Toilet/Urinal

Support from IOCL Petrol Pump Dealership

Other customer service facilities are specific to each site, as IOCL may specify from time to time. Rural ROs will be created by IOCL in the case of KSK (Kisan Seva Kendra) Dealers selected under the 'Corpus Fund Scheme,' which will comprise the features specified above. IOCL will also supply land development, storage tank and pump, low-cost main signage, KSK Signage, and a hand tube well in addition to the foregoing services.

Dealer Commission Rate

On every liter of petrol sold, India Oil Corporation Limited (IOCL) pays a dealer charge of Rs 2.58, whereas on every liter of diesel sold, the corporation pays a dealer commission of Rs 1.65.

IOCL Petrol Pump Dealership Retail Outlet Management

• An individual chosen for the IOCL dealership will be responsible for handling the operations of the ROs dealership on a day-to-day basis.
• IOCL dealers will not be permitted to work in any capacity.
• If the selected dealer is currently employed, he or she must resign from that position and submit a letter of acceptance of the resignation prior to the IOCL issuing a letter of appointment (LOA).

• The holder of the LOA will be required to sign a notarized document declaring that he or she is not employed in the private sector and does not receive any compensation.
• The entity chosen for the IOCL dealership will be responsible for managing the dealership's day-to-day operations and affairs under the supervision of their staff and in accordance with the dealership agreement's terms.

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