India LPG Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Market Report Covers LPG Companies in India and is Segmented by Source of Production (Crude Oil and Natural Gas Liquids) and Application (Residential & Commercial, Industrial, Auto Fuels, and Other Applications)

India LPG Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Liquified Petroleum Gas (LPG) Market Size

India Liquified Petroleum Gas Market Size
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 3.50 %
Market Concentration Medium

Major Players

India Liquified Petroleum Gas Market Key Players

*Disclaimer: Major Players sorted in no particular order

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India Liquified Petroleum Gas (LPG) Market Analysis

The India Liquified Petroleum Gas Market is expected to register a CAGR of greater than 3.5% during the forecast period.

  • LPG extracted from natural gas is expected to have a considerable growth during the forecast period due to the government's focus on raising the natural gas share in the energy mix to 15% by 2030 from around 6.7% in 2021.
  • The new demand hubs being created, such as rural LPG households and the favorable scenario for AutoLPG, are expected to create immense opportunities for the LPG players to look for M&A and capacity enhancement in the future.
  • The increasing demand for LPG, on account of government efforts to adopt the usage of cleaner fuel, is expected to drive the market during the forecast period.

India Liquified Petroleum Gas (LPG) Industry Overview

The Indian Liquified Petroleum Gas (LPG) market is moderately consolidated. Some of the major companies include Indian Oil Corporation Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Petroleum Ltd, and TotalEnergies SE.

India Liquified Petroleum Gas (LPG) Market Leaders

  1. Indian Oil Corporation Ltd.

  2. Bharat Petroleum Corporation Limited

  3. Hindustan Petroleum Corporation Limited

  4. Reliance Petroleum Ltd

  5. TotalEnergies SE

  6. *Disclaimer: Major Players sorted in no particular order
Indian Oil Corporation Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Petroleum Ltd, TotalEnergies SE
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India Liquified Petroleum Gas (LPG) Market News

  • In February 2022, Indian Oil Corp (IOC) announced the plans to construct three new plants in Northeast India to increase its LPG bottling capacity by nearly 53% or to 8 crore cylinders annually by 2030, to meet the growing demand in the region. Furthermore, the total investment in the plant expansion is likely to range between INR 325-350 crore.

India Liquified Petroleum Gas (LPG) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast, in USD billion, till 2027
  • 4.3 LPG Production and Consumption Trends in India, till 2021
  • 4.4 Import and Export Statistics of LPG in India till, 2021
  • 4.5 LPG Active Domestic Customers (in Lakh) by Region in India, 2021
  • 4.6 Number of LPG Distributors by Region in India, 2021
  • 4.7 Recent Trends and Developments
  • 4.8 Government Policies and Regulations
  • 4.9 Market Dynamics
    • 4.9.1 Drivers
    • 4.9.2 Restraints
  • 4.10 Supply Chain
  • 4.11 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Source of Production
    • 5.1.1 Crude Oil
    • 5.1.2 Natural Gas Liquids
  • 5.2 Application
    • 5.2.1 Residential & Commercial
    • 5.2.2 Industrial
    • 5.2.3 Autofuels
    • 5.2.4 Other Applications

6. COMPETITIVE LANDSCAPE

7. Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

8. Strategies Adopted by Leading Players

9. Company Profiles

  • 9.1 Indian Oil Corporation Ltd.
  • 9.2 Bharat Petroleum Corporation Limited
  • 9.3 Hindustan Petroleum Corporation Limited
  • 9.4 Reliance Petroleum Ltd
  • 9.5 TotalEnergies SE
  • 9.6 Shell plc
  • 9.7 SUPERGAS (SHV Energy Pvt Ltd.)
  • 9.8 Jyothi Gas Pvt Ltd
  • 9.9 Eastern Gases Ltd
*List Not Exhaustive

10. MARKET OPPORTUNITIES AND FUTURE TRENDS

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India Liquified Petroleum Gas (LPG) Industry Segmentation

The Indian Liquified Petroleum Gas (LPG) Market report includes:

Source of Production Crude Oil
Natural Gas Liquids
Application Residential & Commercial
Industrial
Autofuels
Other Applications
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India Liquified Petroleum Gas (LPG) Market Research FAQs

What is the current India Liquified Petroleum Gas (LPG) Market size?

The India Liquified Petroleum Gas (LPG) Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)

Who are the key players in India Liquified Petroleum Gas (LPG) Market?

Indian Oil Corporation Ltd., Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited, Reliance Petroleum Ltd and TotalEnergies SE are the major companies operating in the India Liquified Petroleum Gas (LPG) Market.

What years does this India Liquified Petroleum Gas (LPG) Market cover?

The report covers the India Liquified Petroleum Gas (LPG) Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Liquified Petroleum Gas (LPG) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India (LPG) Liquified Petroleum Gas Industry Report

Statistics for the 2025 India Liquified Petroleum Gas (LPG) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Liquified Petroleum Gas (LPG) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.