The investment required to open a Jio petrol pump in India can range from ₹15–35 lakhs, depending on the location and other factors:
- Land: The cost of land can range from ₹20 lakhs to ₹1 crore.
- Construction: The cost of construction can range from ₹30 lakhs to ₹1 crore.
- Equipment: The cost of equipment can range from ₹20 lakhs to ₹50 lakhs.
- Licensing: The cost of licensing can range from ₹2 lakhs to ₹5 lakhs.
- jio Petrol pump license: The cost of a petrol pump license can range from ₹18/KL – ₹48/KL for motor spirit
Other things to consider include:
- Meeting the eligibility criteria set by the government and oil companies
- Applying for a dealership from major oil companies like IOC, BPCL, or HPCL
- Developing infrastructure
- Hiring trained staff
- Obtaining certificates and permissions from the Municipal Corporation, Fire Safety Office, and other concerned authorities
The return on investment (ROI) for a petrol pump business can vary, but it typically ranges from 3 to 5 years. Factors that can influence the ROI include location, daily sales volume, and operating costs
