Top 5 petroleum retailing companies in India?

Answer 1

Most of the OMC (oil marketing companies) which are big in sales volumes in India are PSU(Public sector companies). Number one is Indian Oil Corporation Ltd.(IOCL) with a market share of about 45% and than HP, BPCL, and IBP follow the suit. IBP has been acquired by IOCL last year, and now IOCL is fulfilling the thirst of IBP retail outlets.

A few private players also tried to enter in petro retailing such as Reliance, Essar, Shell but these players are still struggling to sustain in the market due to some evil deregulation rules.

All the top OMC incurring heavy losses due to the administered pricing mechanism in India, these companies are surviving on a big aid from the government of India. Last year OMC collectively had a loss of about Rs 70,000 crore.