Market share

The competitive structure of Indian oil & gas — retail outlet footprint, refining capacity concentration, and City Gas Distribution licence spread. Compiled from official petroleum statistics and company disclosures. Snapshot: FY25-26 (approximate snapshot).

Retail fuel outlets

89,630 petrol pumps nationwide

IOC

43.5%· 37,800 outlets

HPCL

24.7%· 21,500 outlets

BPCL

24.6%· 21,400 outlets

NAYARA

7.7%· 6,700 outlets

RELIANCE

2.2%· 1,900 outlets

Shell

0.4%· 330 outlets

The three PSU OMCs together hold ~93% of retail outlets. Private entry (Reliance, Nayara, Shell) has grown in the post-2020 window but remains a single-digit share.

Refining capacity

251.3 MMTPA total installed capacity across all operators

IOC

31.5%· 80.7 MMTPA

RELIANCE

26.6%· 68.2 MMTPA

BPCL

13.8%· 35.3 MMTPA

HPCL

11.4%· 29.1 MMTPA

NAYARA

7.8%· 20 MMTPA

MRPL

5.9%· 15 MMTPA

NRL

1.2%· 3 MMTPA

IOC leads by sheer site count; Reliance leads by single-site integration at Jamnagar. The two together hold close to 60% of national refining capacity — the defining feature of Indian refining structure.

City Gas Distribution — top 10 by Geographical Areas

PNGRB-authorised Geographical Areas (GAs). 300+ GAs awarded across all rounds; top 10 carry the majority of population-served areas.

ATGL

16.0%· 52 GAs

GAIL

11.4%· 37 GAs

IGL

8.6%· 28 GAs

GGL

8.3%· 27 GAs

BPCL

7.7%· 25 GAs

IOAGPL

5.8%· 19 GAs

HPCL

5.5%· 18 GAs

TORGAS

5.2%· 17 GAs

AGP

3.7%· 12 GAs

MGL

2.5%· 8 GAs

Adani-Total, IGL (Delhi NCR), and MGL (Mumbai) dominate the metro CGD footprint by volume. GAIL Gas and IOAGPL have broader GA count but smaller per-GA demand bases.