With news all around that there is going to be a massive oil price hike in the near future, the interest in the petrol pump business has bounced back. Even if petrol prices are going to increase car owners are always looking for the best quality petrol providers trying to find out is the nayara petrol pump is better or the BPCL petrol pump. So this article lists down the major petrol pump companies in India.
Indian Oil Corporation Ltd
Also known as IOCL, this is arguably the biggest and most reliable petrol company in India. It was founded in 1959 and is headquartered in New Delhi. It is not just popular within India but also has subsidiaries outside India in places such as the Netherlands, Sri Lanka, Mauritius, USA, UAE and Singapore among others. Also known as Indian oil the IOC is owned by the government of India. It has more than 33,000 employees and posts offer market capital created than Rs. 100,000 crores.
Bharat Petroleum Corporation Ltd (BPCL)
Much like Indian Oil Corporation Ltd, BPCL is also owned by the government of India. The reason it ranks so high on this list is that it is India’s second-largest downstream oil organisation. While it was founded in 1974 by ESSO which is a foreign oil company, the government of India took over BPCL on August 1, 1977. Upon this takeover, it was renamed Mark petroleum Corporation Ltd as we know it today. It is headquartered in Mumbai, Maharashtra.
There are over 14,000 petrol pumps under BPCL and these are available all over India. The great part about this is that more than 13,000 of these petrol pumps are automated fuel stations. Some of its most popular products include petroleum, natural gas, lubricants, LNG, and petrochemicals.
Hindustan Petroleum Corporation Ltd (HPCL)
This was founded in the year 1974 and is headquartered in Mumbai. Also known as HPCL is one of the most important oil and gas companies in India. It is present across India and has more than 15,000 locations and retail outlets. ONGC is the parent company of HPCL and therefore also has a majority stake in it. You can find refineries of HPCL in Mangalore, Bhatinda, and Visakhapatnam. While it has fewer employees than IOCL it still has a market capitalization of more than what is Rs 30,000 crore.
In the year 2017, Rosneft which is a major Russian oil company had an extremely popular takeover of Essar Oil Ltd and changed its name to Nayara Energy Limited. This is why you must have seen the name of Essar petrol pump in your locality being changed to Nayara. Even though this is a private downstream oil company it still has an extremely large network of refineries, manufacturing facilities and retail stores all over India. The second largest refinery in India is owned by Nayara energy limited and it is located in Vadinar in Gujarat.
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