Investment in fuel stations (which deal in CNG, petrol, or both) has increased by an estimated 30% in the last three years. This is because fuel stations are considered to be profitable investments, generating a return on investment (RO1) of almost 100% within a year . The construction and setting up costs of a fuel station range between five and eight million rupees, in addition to the cost of the plot. However, as fuel stations pose security hazards, before you can begin construction, you have to obtain permission from the Ministry of Petroleum and Natural Resources (MP & NR), as well as the Master Plan and Environment Control Department (MP & ECD).
The process takes anywhere between two to three months and requires the owner to submit several documents pertaining to the property (including the ownership title and site plan) to the relevant departments. Once construction is complete (in line with the bylaws specified by the MP & ECD), the property is inspected by the MP & ECD. If all the bylaws have been adhered to, approval is granted, and the fuel station can begin operation.
These bylaws include:
* Fuel stations must be located on a main thoroughfare, at least a kilometre away from an existing station on the same side of the road.
*The minimum plot size of a petrol and CNG station should be 1,000 and 600 square yards respectively; approximately five percent of this area can be used to build a single-storey office or retain space.
*The width of a fuel station must be at least 60 feet, away from the plot’s boundry.
*The distance between each dispenser should be at least 12 feet wide.
*Clearly marked entry and exit lanes should be in place to avoid traffic jams.
*Adequate space should be allotted for parking oil tankers, as well as restrooms for staff and visitors.
By Uzma Nawaz
if someone wants to build a petrol pump in jhang city then it may cost 1 million or 2 million in addition to land?is it right mam?