Minnesota petroleum distributor bonds.
From $100.
The bond the Minnesota Department of Revenue can require from a licensed petroleum distributor as a financial guarantee for the fuel taxes and fees it collects, under Minn. Stat. Chapter 296A. The department sets the amount — priced at 1% of the bond amount, $100 minimum, and no credit check up to $10,000.
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How much does a Minnesota petroleum distributor bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard petroleum bond — enter your amount, pay, and file with the Department of Revenue. Here is the whole thing:
Apply online
Your business details, the bond amount the department required, and the effective date — that is the application.
Issued on the spot
No credit check up to $10,000. Above $10,000, a soft pull may add a short review.
File with the Department of Revenue
Submit the executed bond to satisfy your petroleum distributor license requirement. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the petroleum bond actually covers
Minnesota taxes petroleum and other fuels under Minn. Stat. Chapter 296A, and licenses the distributors who handle them. A licensed distributor collects fuel tax on the product it moves, and the Department of Revenue can require a surety bond as a financial guarantee that the tax is remitted.
The bond stands behind your obligation to pay all petroleum taxes, fees, fines, penalties, damages, and costs the law imposes. If a distributor fails to remit, the state can recover against the bond — and if the surety pays, you repay the surety.
A bond is not required for every distributor license, and the Department of Revenue determines whether one applies and in what amount, generally tied to your expected tax liability. Enter the figure on your notice and we issue the bond starting from $100 — no credit check up to $10,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Department of Revenue. Submit the executed bond to satisfy your petroleum distributor license requirement. Wet-ink originals mailed whenever the department insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $10,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with the bond amount the Department of Revenue set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Petroleum bond, issued today.
Premiums from $100. Enter the amount the department set and file the same day.