List of Petrol Pump Companies in India

India is the world's third-largest energy consumer. Despite the recent economic downturn, the increasing demand for fuel has led to up to 17% rise in petrol consumption, making it easier for petrol companies to reap profits.

The economic benefits of petrol pump companies in India promote development, making the oil and gas sector the backbone of the Indian economy.

Here is a list of India's top 10 petrol companies and their contribution to the Indian economy.

List of 10 Leading Petrol Companies in India

Mentioned below are 10 major petrol pump companies in India:

1. ONGC

Ranked 243rd in Fortune 500 list, ONGC or Oil and Natural Gas Corporation is a public sector firm. This petrol company in India produced nearly 20.2 million tons of crude oil in the FY2020-21. It reported an annual sales income of $957 billion. There are 3 subsidiaries of ONGC:

Mangalore Refinery and Petrochemicals Limited
Videsh Limited
Hindustan Petroleum Corporation Limited

Currently, the firm reported a net profit of ₹6,734 crores in the fourth quarter of 2021. There are few promising projects under the pipeline. However, delays in the project forced it to reduce its annual expenditure.

Key Highlights

Market Capitalisation: ₹149,642crores
Average Annual Turnover: ₹68,141crores
Employee Strength: 30,100

2. Bharat Petroleum

Ranked 394th in Fortune 500, Bharat Petroleum is a public sector company headquartered in Bangalore. The annual sale of liquified natural gas stood at approximately 6.9 million metric tons in FY2020.

The table below mentions the refineries of Bharat Petroleum and their corresponding production capacity:

Refineries	Annual Production Capacity
Kochi refinery	15.5 million metric tons
Mumbai refinery	13 million metric tons
Bina refinery	7.8 million metric tons
Numaligarh refinery	3 million metric tons

It also operates Refineries Limited BORL. It is a joint business venture between Bharat Petroleum and OQ.

This public owned company also owns the following subsidiaries:

Petronet LNG
Indraprastha Gas Limited
Bharat Renewable Energy Limited

Key Highlights

Market Capital: ₹107,984 crores
Average Annual Turnover: ₹ 236,889.57crores
Employee Strength: 81,233

3. Indian Oil Corporation

Headquartered in Delhi, Indian Oil Corporation is a government petrol company in India. It is og mnne of the world's largest corporations, with 212th Fortune Global 500 (2021).

It occupies half of the market share in petroleum products, with 89.7 million metric tonnes sales in FY2020. The refinery strength of the Indian Oil Corporation is 11 out of 23 refineries present in India. The annual refining capacity of 80.2 million metric tons MMT. It accounts for over 32% of refining capacity in India.

Currently, it reported the highest annual profit of ₹21,762 crores in FY 2020-21. The company has subsidiaries in Mauritius, Sri Lanka and the Middle East.

The firm has multiple projects in the pipeline. One of such is to build India's first green hydrogen plant in its Mathura refinery.

Other projects include:

Paradip Hyderabad Pipeline Project.
Extension of Paradip-Haldia-Durgapur LPG Pipeline and its extension up to Patna and Muzaffarpur.
Paradip- Somnathpur-Haldia Pipeline Project

Key Highlights

Market Capital: ₹106,003crores
Average Annual Turnover: ₹382608.33crores
Employee Strength: 33,500

4. Reliance Petroleum Limited

Headquartered in Ahmedabad, it is the largest privately-owned petrol company in India. It is a subsidiary of its parent company, Reliance Industries. The company has the world's largest refinery, with an annual crude oil production capacity of 1,240,000 barrels per day.

Precisely, it operates two refineries at Jamnagar, with a combined production capacity of 68.2 million tons annually. In FY2020, the total throughput was 342 kilolitres per month. The amount was double that of other available public sector petrol pump companies in India.

Reliance Industries has signed an agreement with Abu Dhabi National Oil Company in the upcoming project. This is related to building a new petrochemical complex at Ruwais.

Key Highlights

Market Capital:₹58,928crores
Average Annual Turnover: ₹3702crores
Employee Strength: 70,000+

5. Cairn India

cairin india — (Source: static.india.com)

A subsidiary of Vedanta Limited, Cairn India is a private oil and gas company headquartered in Gurgaon. Its total contribution to domestic crude oil production stands at 54 billion barrels to date.

Here is the table mentioned below to know about the refineries of Cairn India:

Refinery	Annual Production Capacity
Ravva Oil and Gas Field	70,000 barrels
Lakshmi Gas Field	50 million barrels
Rajasthan (MBA) Gas Field	1 billion barrels

In FY2020, the company generated $324million in sales revenue. It also operates in South Africa and Sri Lanka. In the upcoming project portfolio, it has bagged the Aishwariya Barmer Hill tight oil project.

Key Highlights

Market Capital: ₹53,529crores
Average Annual Turnover: ₹10,633.99 crore
Employee Strength: 1001-5000

6. Hindustan Petroleum Corporation

Hindustan Petroleum Corporation is a public sector oil and gas company headquartered in Mumbai. The following table lists the refineries:

Refineries	Annual Production Capacity
Mumbai	7.5 million tons
Visakhapatnam	8.3 million tons
Bhatinda	9 million tons
Mangalore	9.69 million metric tons
Barmer	9 million metric tons
Mangalore	9.69 million metric tons

Its ongoing projects are as follows:

Visakh Refinery Modernization Project
CGD Network
LNG Regasification Terminal

Upcoming projects are as follows:

Hassan Cherlapally LPG Pipeline Project
Extension of Visakh-Vijayawada-Secunderabad Pipeline (VVSPL) from Vijayawada to a new marketing Terminal at Dharmapuri
BarmerPalanpur Pipeline Project

Key Highlights:

Market Capital: ₹38,279 crores
Average Annual Turnover: ₹235785.54 crores
Employee Strength: 10,352

7. Essar Oil Limited

Primarily a subsidiary of Essar Group, currently Russian Rosneft bought its stake and acquired the company. It is now renamed Nayara Energy. The company is popular for producing natural oil, gas, purified crude oil and other petroleum products. It operates Vadinar Refinery, the second-largest privately-owned refinery in India. Its annual refining capacity stands at 20 million tons.

It is the fastest petrol selling company in India, with 6000+ petrol pump stations across the country. The business successfully registered an 18% year-on-year revenue growth. The company's upcoming project is set to commence in 2021-2022. It aims to expand its existing refinery and build a petrochemical complex at Vadinar. The total project investment is expected to be ₹1.5 crores. This multinational company also plans to increase one-fourth of petrol pump stations in India in two years.

Key Highlights:

Market Capital: ₹38,138 crores
Average Annual Turnover: ₹999. 411 million
Employee Strength: 2500+

8. Oil India Limited

Oil India Limited is a public sector company. It is the 2nd largest government-owned hydrocarbon and production firm.

It has a market share in Numaligarh Refinery Limited. The company operates beyond the domestic boundary. The countries include:

Libya
Nigeria
Gabon
Venezuela
USA
Bangladesh
Myanmar
Mozambique
Russia

Key Highlights:

Market Capital: ₹20,565 crores
Average Annual Turnover: ₹ 12,128.52 crore
Employee Strength:7,097

9. Tata Petrodyne

A subsidiary of Invenire Energy Pvt. Ltd, Tata Petrodyne is a private company. It has 2 offshore refinery blocks in the UK and Australia. In India, it has 7 onshore and offshore refineries across Indian states. Also, it has a stake in Nagarjuna Oil Corporation Limited. The latter holds an annual production capacity of 6 million tons. Outside the domestic boundary, it has refinery block in the 2 following places:

Tanzania
Indonesia
Central Asia

Key Highlights:

Market Capital: ₹15000 lakhs
Average Annual Turnover: ₹ 100 - 500 crores
Employee Strength: 11-50

10. Adani Welspun Exploration Limited

It is one of the leading privately-owned petrol companies in India. It holds 4 refinery blocks in the following places:

Mumbai
Kutch

Key Highlights:

Market Capital: ₹5000.0 lakhs
Average Annual Turnover: ₹1 crore
Employee Strength: NA

Thus, these are the 10 major players in the Indian oil and gas sectors. These leading petrol pump companies in India are not only involved in business operations. But these offer employment opportunities to young Indians to build their livelihood as well.

Here is the table mentioned below summarising the top 10 petrol companies in India:

Petrol Companies	Market Capital
ONGC	₹149,642 crores
Bharat Petroleum	₹107,984 crores
Indian Oil Corporation	₹106,003 crores
Reliance Petroleum Limited	₹58,928 crores
Cairn India	₹53,529 crores
Hindustan Petroleum Corporation	₹38,279 crores
Essar Oil Limited	₹38,138 crores
Oil India Limited	₹20,565 crores
Tata Petrodyne	₹15000 lakhs
Adani Welspun Exploration Limited	₹5000.0 lakhs

*Sorting is based on the market capital of each petrol company in India.

Frequently Asked Questions

✓ How many petrol companies are available in India?

There are approximately 64,600 fuel retailers in India. Public sector companies like HPCL, BPCL etc., operate the majority of them.

✓ Which is the biggest Indian petroleum company?

ONGC, labelled as Maharatna, is the biggest petroleum company in India.

✓ How many fuel refineries are there in India?

India owns 18 public sectors and 5 private sector or joint venture's refineries.

List of Petrol Pump Companies in India

List of 10 Leading Petrol Companies in India

1. ONGC

2. Bharat Petroleum

3. Indian Oil Corporation

4. Reliance Petroleum Limited

5. Cairn India

6. Hindustan Petroleum Corporation

7. Essar Oil Limited

8. Oil India Limited

9. Tata Petrodyne

10. Adani Welspun Exploration Limited

Frequently Asked Questions

✓ How many petrol companies are available in India?

✓ Which is the biggest Indian petroleum company?

✓ How many fuel refineries are there in India?

Important Articles about Petrol in India

Switch to Digit Insurance

Get our app