Top10 List of Petrol Pump Companies in India

In India, the hustle and bustle of daily life is fueled by petrol. Behind every petrol station is a petrol pump company working tirelessly to keep the nation’s engines running smoothly. Despite the recent economic downturn, rising fuel demand has resulted in up to a 17% increase in gasoline consumption, making it easier for oil companies to profit.

The oil and gas sector is now the foundation of the Indian economy thanks to the economic advantages of Indian gas station operators.

Top 10 Best Petrol Pump Companies in India 2023

Best 10 Petrol Pump Companies in India 2023

In India, there is a higher need for fuel, which has increased the country’s gasoline consumption. Every day, oil marketing firms, including Indian Oil, Bharat Petroleum, and Hindustan Petroleum, update the price of gasoline in India.

Numerous petroleum businesses are operating in the country. Because gas station companies are experiencing economic growth, development is facilitated.

The list of the top oil firms operating in India is shown below:

Adani Welspun Exploration Limited

Private oil company Adani Welspun Exploration Limited operates refinery blocks in Mumbai and Kutch. The business is a partnership between the Welspun Group and the Adani Group.

Tata Petrodyne

Tata Petrodyne is a privately held corporation that is a part of Invenire Energy Pvt. Ltd. Seven offshore and onshore refineries are present nationwide. The company’s yearly revenue fluctuates between Rs. 100 crore and Rs. 500 crore. Around Rs. 15,000 lakh is the company’s market capitalization.

Nayara Energy

Several petroleum products, including refined crude oil, gas, and natural oil, are all produced by Nayara Energy. There are more than 6,000 gas stations spread out across the nation. The company has a market capitalization of more than Rs. 38,000 crores. Within the next two years, Nayara Gas wants to increase the number of gas stations.

Cairn India

Cairn India is a private business that is a part of Vedanta Limited. The company’s main office is in Gurgaon. The firm operates refineries in the Ravva Oil and Gas Field, the Lakshmi Gas Field, and the Rajasthan (MBA) Gas Field. Cairn India has a market value of more than Rs. 53,000 crore.

Indian Oil Corporation

The government owns the oil corporation known as the Indian Oil Corporation. Delhi serves as the company’s corporate headquarters. Eleven of the 23 refineries in the nation, owned by the Indian Oil Corporation, are present. A few of the company’s subsidiaries are in Sri Lanka, Mauritius, and the Middle East. Indian Oil Corporation has a market value of about Rs. 100,000 crore and employs over 33,000 people.

Oil and Natural Gas Corporation

The nation’s largest oil business, Oil and Natural Gas Corporation (ONGC) has produced over 20 million tons of crude oil. The public sector company has three subsidiaries: Mangalore Refinery and Petrochemicals Limited, Videsh Limited, and Hindustan Petroleum Corporation Limited. The company has a market value of over Rs. 140,000 crore and employs more than 30,000 people.

Oil India Limited

Oil India Limited is a public corporation that the government owns. The organization also conducts business in Russia, Mozambique, Myanmar, Bangladesh, the United States, Venezuela, Gabon, Nigeria, Libya, and India. The company has a market value of over Rs. 20,000 crore and more than 7,000 people workforce.

Hindustan Petroleum Corporation

Hindustan Petroleum Corporation is an oil and gas business in the public sector, headquartered in Mumbai. The company operates Mumbai, Mangalore, Barmer, Bhatinda, and Visakhapatnam refineries. The company has a market value of over Rs. 30,000 crore and over 10,000 employees.

Reliance Petroleum Limited

The nation’s largest privately owned gasoline retailer is Reliance Petroleum Limited, a part of Reliance Industries. Ahmedabad is where the company is based. Reliance Petroleum Limited has two refineries, both of which are in Jamnagar. The company has a market value of over Rs. 55,000 crore and a workforce of over 70,000 people.

Bharat Petroleum

Bengaluru is home to Bharat Petroleum’s corporate office. The company operates refineries in Kochi, Mumbai, Bina, Numaligarh, etc. The company has a market value of over Rs. 105,000 crores and a workforce of over 80,000 people.

Analysis of the Indian Fuel Market

During the forecast period, it is anticipated that the Indian gas station market will grow at a CAGR of 5%. In 2020, COVID-19 had a negative effect on the market. The market has now returned to its pre-pandemic levels.

Due to India’s deregulation of fuel retailing and rising fuel demand, the privately held market is anticipated to witness considerable development throughout the forecast period.

Numerous international players are interested in entering the Indian fuel retail segment due to the market’s future potential. Reliance Industries Limited has 1,459 gas stations, Nayara Energy (previously Essar Oil) has 6,604 stations, Royal Dutch Shell has 324 stations, and there are 34 other firms with stations as of May 1, 2022. This then mirrors the expansion of the market for gas stations in India.

The Indian government stated in June 2022 that all retail establishments would be subject to the Universal Service Obligation (USO). Generally, gas stations cannot stop selling gasoline and diesel. Gas stations in rural regions must also abide by this requirement. The government has made it abundantly apparent that anyone who disobeys these regulations will have their license revoked.

Therefore, the private-owned segment is anticipated to grow significantly during the forecast period due to the rise in fuel demand and the growing interest of the private players in the Indian fuel station sector.

10 Best Fuel Credit Cards 2023

It is essential to conserve money wherever you can, given the shifting cost of petrol worldwide. You can save more on fuel purchases with the help of the many top banks and lenders in the nation that provide fuel credit cards. These credit cards have an interest rate between 3.25% and 3.40% each month, with an annual fee that ranges from zero to Rs. 1,000. These cards offer various deals in various categories, including entertainment, dining, and shopping, in addition to discounts and advantages on your gasoline bills.

Given below are the top 10 best fuel credit cards:

FAQs