A filling station in Kolkata, India
India revamps retail fuel business
The country is seeing a notable increase in petroleum product retail outlets, with private operators gaining market share
India’s retail fuel network is undergoing a major shift. And with its number of gasoline pumps now totalling more than 96,500, the country has the third-largest number of retail fuel outlets after the US and China. Retail fuel distribution in India is dominated by state-owned companies, including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited. These three account for about 90% of the retail fuel outlets in the country. Mangalore Refinery & Petrochemicals Limited, a subsidiary of the country’s largest E&P company, ONGC, is the fourth state-owned company in the retail space, with 164 outlets. Private companies op
Also in this section
23 May 2025
LNG projects need the certainty of long-term contracts, but Henry-Hub–linked deals put buyers at significant risk
22 May 2025
Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected
22 May 2025
The next energy crisis could come from the severing of the link between oil and gas prices, with potentially severe economic consequences
22 May 2025
With contract awards looming on the Kuwait-Saudi backed Dorra field, the long-stalled gas project appears finally to be gaining traction—despite Iranian objections
