Market Size of India Petrol Station Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Petrol Station Market Analysis
The Indian petrol station market is expected to register a CAGR of 5% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, factors such as increasing demand for petroleum products and the rising sale of passenger vehicles in India are expected to help the market grow during the forecast period.
- On the other note, the increasing cost of petrol & diesel fuels is anticipated to restrain the growth of the fuel station fuel market in the coming years.
- Nevertheless, converting the fuel stations in India to provide multiple fueling options such as petrol, diesel, and flex fuels, besides electric vehicle (EV) charging facilities, compressed natural gas is expected to offer vast opportunities in the future.
India Petrol Station Industry Segmentation
A petrol station is a garage by the side of the road where petrol is sold and put into vehicles. The Indian Petrol station market is segmented by type. By Ownership type, the market is segmented into public sector undertakings and privately owned. By end-user type, the market is segmented by End-users, public, and private sectors. For each segment, the forecasts have been mentioned in USD billion.
| Ownership | |
| Public Sector Undertakings | |
| Private Owned |
| By End-User | |
| Public-Sector | |
| Private-Sector |
India Petrol Station Market Size Summary
The Indian petrol station market is poised for growth, driven by increasing demand for petroleum products and a rise in passenger vehicle sales. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. However, the escalating costs of petrol and diesel pose a challenge to market expansion. The future landscape of the market is expected to be shaped by the diversification of fuel options at stations, including the integration of electric vehicle charging and compressed natural gas facilities. This shift is anticipated to create significant opportunities for growth. The private-owned segment is projected to experience substantial growth due to rising fuel demand and the liberalization of fuel retailing, attracting interest from global players.
India's economic growth, fueled by urbanization and industrialization, is expected to drive an increase in vehicle sales, thereby boosting the demand for fuel stations. The rise of the middle class is a key factor in this trend, with a significant portion of the population expected to move into higher income brackets by 2030. This demographic shift is likely to correlate with increased vehicle ownership and, consequently, a higher demand for retail fuel stations. The market is moderately consolidated, with major players like Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum leading the charge. Initiatives such as the Model Retail Outlet Scheme aim to enhance service standards across the network, further supporting market growth.
India Petrol Station Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2027
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1.3 Company-Wise Retail Fuel Stations in India, 2013-2021
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1.4 State-Wise Retail Fuel Stations in India, 2021
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1.5 India Gasoline and Diesel Consumption Trends, till 2021
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Ownership
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2.1.1 Public Sector Undertakings
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2.1.2 Private Owned
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2.2 By End-User
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2.2.1 Public-Sector
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2.2.2 Private-Sector
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India Petrol Station Market Size FAQs
What is the current India Petrol Station Market size?
The India Petrol Station Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in India Petrol Station Market?
Indian Oil Corporation Ltd, Bharat Petroleum Corp Ltd, Hindustan Petroleum Corporation Limited, Nayara Energy Limited and Reliance Industries Limited are the major companies operating in the India Petrol Station Market.
