Top 10 Famous Petroleum Companies in India

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Petroleum products were among the main driving factors of the Industrial Revolution and today, there are a variety of full-blown industries that are dependent on petroleum products such as gasoline, diesel, petrol jet fuel, other such items. There are crude oil deposits in a variety of countries around the world, and petroleum companies purchase crude oil, then process it through refineries, and then produce petroleum products that are sold to the public. India is the third largest oil (diesel and petrol) user globally, which means it is crucial for India to acquire crude oil from other nations to meet the demand. In order to do this there are petroleum companies who deal with companies that extract crude oil from different nations on a barrel-by-barrel basis.

Following the import the petroleum companies then treat the crude in refineries, and then make petroleum-derived products for sale. In this post we’ll review the top 10 company in the field of petroleum India which are keeping pace with the increasing demand for gasoline, diesel, petrol and many other products for the public at large.

Top 10 Petroleum Companies in India

1. Indian Oil Corporation

Indian Oil Corporation is one of the largest players in the gas and oil distribution sector in India commonly referred to as maharatna corporation in India. You’ll be amazed to learn that this petroleum corporation is on the 212th position on the Fortune 500 list, and it’s alone Indian company to have achieved this level of recognition across the world. It’s been more than six decades that have passed since Indian Oil Corporation is keeping up with the ever-growing demand for petroleum and gas. The company’s board will be expanding the petroleum business to other countries also in the next years. It’s not just that, Indian Oil Corporation brings numerous job and career opportunities to numerous people in India which is why it plays significant significance for the development of India.

2. Bharat Petroleum

In the case of buying gas and oil in India there isn’t a more trustworthy company than Bharat Petroleum Corporation Limited. There’s a good reason for this: it’s an official-owned corporation that sells gas and oil at sensible prices. When it comes to sustainability, this company is much more sustainable than the other private companies worth billions of dollars. The two major refineries run by Bharat Petroleum located in Mumbai and Kochi are hugely combined with a capacity of about 30 million metric tons per year. The company is run and controlled through the Ministry of Petroleum to keep up with the demand and supply demand.

3. Hindustan Petroleum Corporation

Hindustan Petroleum Corporation Limited or HPCL is an Indian state-owned and controlled oil and gas company located in India. HPCL is the second nation to attain a higher ranking of 260th place on the Fortune Global 500 rankings. According to a report on statistics, HPCL has a huge pipeline network that spans 3,775 km all over India which makes the distribution of its products efficient and quick. Additionally, this petroleum company operates more than 20 thousand outlets in India and, as such, the you could find an HPCL outlet within or near your town. But, when it comes to turnover, the firm doesn’t look like an intriguing one however, it’s doing quite a impressive job in the oil and gas sector.

4. Reliance Petroleum

Reliance Petroleum is a subsidiary of Reliance Industries Limited, and within the oil and gas industry, the company has a very good standing in India. It was founded just over 10 years ago, but quickly, it became the most prominent and dominant privately owned company within the gas, oil and energy sectors all over the world. In the beginning of the company, the founders and investors of the firm had a specific goal to establish it as one of the biggest private oil companies in all of India and we know the outcome. Don’t we?

5. ONGC

Oil and Natural Gas Corporation (ONGC) ONGC is definitely one of the largest oil and gas companies in India not just with regard to output, but the total revenue per year as well. According to some studies, the turnover of ONGC per year is over 6.5 million dollars making it among the highest-profitable Indian state-owned enterprises in the gas, oil and energy industry. In addition the pipeline network is certainly one of the largest in India that spans more than 11 thousand km all over India.

6. Oil India Limited

Oil India Limited is one of the companies that were the first to pioneer the oil and gas industry in India prior to the 1960s. In particular, this company that was formed in 1959 with the sole aim of bring Industrial Revolution to India. The petroleum company isn’t just about the processing of crude oil, but is involved in research as well as the extraction of crude. In addition, Oil India Limited has the infrastructure and pipeline system to not only treat petroleum gas but also to distribute it to the public and cater to industrial needs in addition.

7. Essar Oil Limited

Essar Oil Limited is a part to Essar Global Fund Limited which was first introduced to the UK in 1969. Since the time, Essar Oil Limited has continually expanded its reach to other countries and is now known as one of the most reliable and well-established oil companies in India. The company has gained much acclaim in India because it has performed an excellent job in the field of research and extracting crude oil, processing it and distribution of the finished products to the people of India.

8. Tata Petrodyne Limited

Naturally, Tata Group has a special place in each Indian’s heart as this company and its subsidiaries are putting in a tremendous effort in India. It has also made significant contribution from this Tata company to overall development of India over time. Tata Petrodyne Limited is one very successful sub-branch within the Tata group, which operates in the oil and gas sector. If we had to create an index of the top privately owned petroleum firms in India and the world, Tata Petrodyne would be in the top three. Another thing that makes this oil company stand out is the client and customer service they offer at their retail outlets.

9. Gas Authority of India Limited

The creation of Gas Authority of India Limited (also known as GAIL was announced around 1984, by the Ministry of Petroleum and Natural Gas. Since since then, GAIL has expanded both in terms of processing power as well as distribution too. It is now considered to be the biggest natural gas supplier in India. Distribution of natural gas, or natural gas is accomplished via a massive pipeline network of 13,340 km which spans various states of India.

10. Cairn India

Not to be left out last, we have Cairn India, the Cairn India oil company to add to our list. When compared to other state and private petroleum firms, Cairn India was established fairly just a few years ago in the year 2007. The thing that makes this business stand out from the rest lies in the fact it Cairn India uses cutting-edge and modern technology in all its processing and distribution processes. This is why it was able to establish itself successfully within the Indian market in a matter of years. The company’s board of directors and the founders are considering expanding the business to other countries and in the coming few years.

The Final Words

You now know the best and most reputable oil firms in India. Many of these companies have had a an impact on the development of India over time. They are among the leading players in the oil/gas as well as energy sector, which keep pace with the increasing demand for petroleum fuels and other petroleum-based items in India.