Padma Oil Company

What Padma Oil Company does

Padma Oil PLC (পদ্মা অয়েল পিএলসি.) is a state-owned petroleum distribution company in Bangladesh, operating as one of four distribution subsidiaries under the Bangladesh Petroleum Corporation (BPC), which itself sits under the Ministry of Power, Energy and Mineral Resources. Founded circa 1969 and headquartered at Padma Building, Strand Road, Chittagong, the company is publicly listed on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE), though the Government of Bangladesh retains controlling ownership through BPC. The company distributes diesel, petrol, octane, aviation turbine fuel (jet fuel), lubricants, chemicals, LPG, and agricultural seeds to a customer base spanning individual motorists, commercial transport operators, industrial users, airlines (including Bangladesh Biman), and Bangladesh Railway. Distribution is multi-tiered: wholesale depots (Patenga Main Installation, Cumilla Automated Depot, Ashuganj Depot, Doulatpur Depot in Khulna) supply authorized filling-station dealers, packed dealers, LPG dealers, classified and non-classified industrial customers, and chemical distributors nationwide.

The company's underlying technology footprint consists of conventional industrial automation — PLC/SCADA systems for flowmeter control, automated depot operations at Cumilla, and progressively upgraded storage and pipeline infrastructure — backed by a government-portal IT presence (pocl.gov.bd) rather than proprietary software or platform assets. Revenue is generated almost entirely through regulated petroleum product sales at government-set prices; per the source, specific pricing is not publicly disclosed but the BPC/Govt regulation framework constrains both margin and pricing flexibility. A 2023 ICMAB Best Corporate Award (OIL, GAS & ENERGY category) attests to recognized corporate governance and financial reporting standards. Recent notable events include the launch of an internal investigation following the loss of 72,000 liters of jet fuel (March 2026), and a BPC directive (April 2026) requiring all four distributors to lift diesel and petrol supply by 10% and octane supply by 20%, signaling mandated volume expansion.

Strategically, Padma Oil sits within a vertically-integrated BPC group — sourcing refined product from Eastern Refinery Limited (ERL), LPG from LP Gas Limited, and lubricants from Eastern Lubricants Blenders PLC — and operates as the distribution arm of that ecosystem. Its competitive position rests on regulatory incumbency (a four-company quasi-monopoly), entrenched nationwide infrastructure, and government backing rather than on technology differentiation or market-share competition. Investment-relevant risks include price regulation limiting margin capture, government customer concentration, operational incidents (e.g., the jet fuel loss), and dependency on BPC directives for volume growth. Opportunities include continued infrastructure modernization (depot automation, storage expansion) and the regulatory pull-forward of fuel volumes in 2026.

Name

Padma Oil Company

Legal name

Padma Oil PLC (পদ্মা অয়েল পিএলসি)

Website

https://pocl.gov.bd

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Padma Oil PLC is a Bangladesh state-owned petroleum distribution company under Bangladesh Petroleum Corporation, distributing diesel, petrol, octane, jet fuel, lubricants, chemicals, LPG, and seeds through depots and dealers nationwide.

Ownership category

akta.pro rank

Product category

Petroleum Distribution

NAICS

Petroleum Bulk Stations and Terminals (424710), Fuel Dealers (4572)

SIC

Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172), Wholesale-Petroleum Bulk Stations & Terminals (5171)

akta.pro primary industry

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)

akta.pro secondary industries

Liquid Bulk Petroleum Terminals (Crude, Refined Products) (TLAHABAH), LPG / Propane-Butane Products Pipeline Transportation (TLAGABAH)

Keywords

• Petroleum product distribution
• Aviation fuel supply
• LPG distribution
• Lubricant distribution
• Petroleum depot operations

Headquarters

HQ city

Chittagong

HQ country

Bangladesh

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Petroleum Product Distribution: Padma Oil Company distributes petroleum products including diesel, petrol, octane, jet fuel (aviation turbine fuel), lubricants, and chemicals across Bangladesh through its dealer and depot network. Revenue is generated through the sale of these regulated petroleum products to wholesale and retail customers.
2. LPG Distribution: The company distributes LPG (liquefied petroleum gas) through a dedicated network of LPG dealers and customers, contributing to overall revenue from the sale of liquefied petroleum gas products.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Padma Oil PLC is a state-owned petroleum distribution company under the Bangladesh Petroleum Corporation (BPC) that distributes petroleum products including diesel, petrol, octane, jet fuel (aviation turbine fuel), lubricants, chemicals, LPG, and agricultural seeds across Bangladesh. It operates a nationwide network of depots, dealer filling stations, LPG dealers, and classified/unclassified industrial customers, serving transportation, aviation, industrial, commercial, and domestic energy needs.

Product overview

Padma Oil Company PLC is a government-owned petroleum distribution company operating as part of Bangladesh Petroleum Corporation (BPC). The company operates a network of depots and filling stations across Bangladesh, distributing petroleum products including diesel, petrol, and octane. The product portfolio includes petroleum products (diesel, petrol, octane) as core offerings, along with jet fuel for aviation, lubricants for industrial and automotive use, industrial chemicals, LPG for residential/commercial use, and agricultural seeds. The company operates through dealer networks, classified and non-classified customers, and chemical distributors.

Differentiator

Problem solved

Functional benefit

Products and services

• Petroleum Product Distribution (Diesel, Petrol, Octane) Distribution of diesel, petrol, and octane to dealers and customers across Bangladesh through a network of depots and filling stations, supplying fuel for transportation, commercial, and industrial use.
• Jet Fuel (Aviation Fuel) Supply and distribution of aviation turbine fuel (jet fuel) for aircraft operations at airports in Bangladesh, serving airlines such as Bangladesh Biman.
• Lubricants Distribution of industrial and automotive lubricants for machinery, vehicles, and equipment maintenance, supplied through the dealer network (with production sourced from sister entity Eastern Lubricants Blenders PLC).
• Chemicals Distribution of chemical products to industrial and commercial customers via the company's chemical distributor and customer network.
• LPG (Liquefied Petroleum Gas) Distribution of LPG for residential and commercial customers through a dedicated LPG dealer network, providing clean cooking fuel for domestic and commercial use.
• Seeds Distribution of agricultural seeds through the company's dealer networks to support farming customers.

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core, minor and moderate.

• Bangladesh Petroleum Corporation (BPC) — Parent OrganizationcoreOthersPadma Oil Company operates as a subsidiary under the Bangladesh Petroleum Corporation (BPC), a state-owned corporation under the Ministry of Power, Energy and Mineral Resources of the Government of Bangladesh. BPC oversees and regulates the operations of four petroleum distribution companies including Padma Oil.
• Jamuna Oil Company Limited (JOCL)minorOthersJamuna Oil Company Limited is another state-owned petroleum distribution company operating under Bangladesh Petroleum Corporation. Both companies are part of the BPC group of companies.
• Meghna Petroleum Limited (MPL)minorOthersMeghna Petroleum Limited is a state-owned petroleum distribution company under BPC. Padma Oil and MPL are sister companies within the BPC group.
• Bangladesh Biman (বিমান বাংলাদেশ)coreGTM or Marketing PartnerPadma Oil Company supplies jet fuel (aviation turbine fuel) to Bangladesh Biman and other airlines operating at Bangladeshi airports. The company operates aviation fuel facilities at airports and provides refueling services.
• Bangladesh RailwaymoderateGTM or Marketing PartnerPadma Oil Company supplies fuel to Bangladesh Railway for locomotive and operational needs. The company maintains rail wagon loading facilities for petroleum product transportation.
• Dhaka Stock Exchange Limited (DSE)moderateGTM or Marketing PartnerPadma Oil Company is listed on the Dhaka Stock Exchange. The DSE provides the platform for trading Padma Oil's publicly listed shares.
• Chittagong Stock Exchange (CSE)moderateGTM or Marketing PartnerPadma Oil Company is also listed on the Chittagong Stock Exchange, providing an additional platform for trading the company's shares alongside the Dhaka Stock Exchange.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• LP Gas Limited: Bangladesh state-owned LPG supplier under BPC that feeds Padma Oil's LPG distribution network; comparable as a sister BPC entity in the LPG value chain with shared customer base and government ownership.
• Eastern Lubricants Blenders PLC: Bangladesh-based state-owned manufacturer of lubricating oils and greases distributed through BPC's petroleum distribution networks including Padma Oil; comparable as a BPC sister entity serving overlapping lubricant customers in the same domestic market.
• Jamuna Oil Company Limited: One of the four state-owned petroleum distribution companies under Bangladesh Petroleum Corporation (BPC), operating a similar depot and dealer network distributing diesel, petrol, octane, lubricants, and LPG across Bangladesh — direct comparable in product mix, customer base, and regulatory framework.
• Meghna Petroleum Limited: Another state-owned petroleum distribution company under BPC, distributing the same regulated petroleum product suite across Bangladesh — a sister subsidiary with near-identical business model, scale, and institutional customer set.

Broad incumbents

• Indian Oil Corporation: India's largest state-owned downstream oil company operating refining, pipeline, and a massive retail/distribution network; comparable as a broad incumbent in regional petroleum distribution with similar product breadth (fuels, lubricants, LPG).
• Bharat Petroleum Corporation Limited: Major Indian state-owned downstream oil company with refining and a nationwide fuel distribution network; comparable in business model (refining-to-retail), product mix, and regulated government-linked operations.
• Hindustan Petroleum Corporation Limited: Indian state-owned downstream oil company with refining, distribution, and retail operations across fuels and lubricants; comparable as a regional broad incumbent with similar product portfolio and depot/filling station distribution model.

Others

• Bangladesh Petroleum Corporation (BPC): Parent state-owned corporation that oversees and regulates Padma Oil along with the other three distribution subsidiaries; comparable as the policy/coordination layer and the entity that sets procurement and pricing directives.

Regional players

• Eastern Refinery Limited (ERL): Bangladesh's state-owned refinery under BPC that supplies upstream refined products to Padma Oil and the other three distributors; comparable as a sister BPC entity serving the same national petroleum value chain.
• Nepal Oil Corporation: State-owned petroleum distribution monopoly in Nepal, importing and distributing fuels, LPG, and lubricants nationally; comparable as a South Asian state-owned downstream distributor with regulated pricing and similar institutional customer base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Padma Oil Company