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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.
Mentioned below are 10 major petrol pump companies in India:
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:
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
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.
|
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:
Key Highlights
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:
Key Highlights
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
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.
|
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
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:
Upcoming projects are as follows:
Key Highlights:
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:
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:
Key Highlights:
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:
Key Highlights:
It is one of the leading privately-owned petrol companies in India. It holds 4 refinery blocks in the following places:
Key Highlights:
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.
|
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 |
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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