Meghna Petroleum

What Meghna Petroleum does

Meghna Petroleum Limited (MPL) is a state-owned petroleum marketing and distribution company headquartered in Chattogram (Agrabad Commercial Area), Bangladesh, operating as a subsidiary of Bangladesh Petroleum Corporation (BPC) under the Ministry of Power, Energy and Mineral Resources. The company was established in 1979 (the firmographic record also cites 1986) and markets refined petroleum products across Bangladesh, including High Speed Diesel (HSD), Octane (HOBC), Petrol/Motor Spirit (MS), Superior Kerosene Oil (SKO), High Sulfur Furnace Oil (HSFO), Jute Batching Oil (JBO), lubricants, and LPG. Fuel is distributed through a multi-tiered domestic network of registered filling stations, dealers, marine dealers, and district-wise LPG customers, supported by a nationwide depot infrastructure and regional offices in Dhaka, Khulna, Bogura, and Chattogram.

MPL's business model is sales-led and regulated: fuel pricing is set by the Government of Bangladesh through BPC rather than the company, and MPL operates within BPC's supply-chain framework. Revenue is driven primarily by volume sales of transportation, industrial, agricultural, and power-generation fuels, supplemented by lubricant sales and an LPG royalty stream (Tk 0.50 per liter) generated through partnerships that convert its filling-station footprint into LPG (Auto Gas) refueling stations. End demand is heavily weighted toward transportation (54.45% of consumption), followed by agriculture (22.57%), power generation (15.02%), industry (7.55%), and household use (0.05%).

The company is publicly listed on the Dhaka Stock Exchange and Chattogram Stock Exchange, with BPC as controlling parent and minority/elected shareholder directors on the board alongside representatives from the Energy Division, Finance Ministry, and Cabinet Division. Financially, MPL reported post-tax profit of 442.13 crore BDT with EPS of 40.86 BDT and a 160% cash dividend for FY 2022–2023, up from 282.14 crore BDT post-tax profit and 26.07 BDT EPS (150% dividend) in FY 2020–2021.

Name

Meghna Petroleum

Legal name

Meghna Petroleum Limited (মেঘনা পেট্রোলিয়াম লিমিটেড)

Website

https://mpl.gov.bd

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Meghna Petroleum Limited is a Bangladeshi state-owned company that markets and distributes petroleum products—diesel, petrol, octane, kerosene, furnace oil, lubricants, and LPG—through a nationwide network of filling stations and depots, serving transportation, agriculture, power, and industrial sectors.

Ownership category

akta.pro rank

Product category

Petroleum Distribution

NAICS

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

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Marine Bunkering & Port Fuel Supply (EUALAIAG), Refined Products Tank Farms & Terminals (TLAGAKAB)

Keywords

• Petroleum distribution
• Fuel marketing
• Lubricant products
• LPG distribution
• Oil marketing

Headquarters

HQ city

Chittagong

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Revenue model

1. Fuel Product Sales: Sale of petroleum products including diesel, petrol, octane, kerosene, furnace oil, and JBO (Jute Batching Oil) through a network of filling stations and dealers across Bangladesh.
2. LPG Sales Partnership: Revenue through LPG (Auto Gas) refueling stations and liquefied petroleum gas conversion workshops with royalty of Tk 0.50 per liter of LPG sold.
3. Lubricant Sales: Sale of lubricant products through authorized distribution channels.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Meghna Petroleum Limited (MPL) markets and distributes refined petroleum products including Diesel (HSD), Octane (HOBC), Petrol (MS), Kerosene (SKO), Furnace Oil (HSFO), Jute Batching Oil (JBO), lubricants, and LPG (Auto Gas) across Bangladesh. The company operates a nationwide network of storage depots, registered filling stations, marine dealers, LPG refueling stations, and LPG conversion workshops. MPL is a state-owned subsidiary of Bangladesh Petroleum Corporation (BPC) operating under the Ministry of Power, Energy and Mineral Resources.

Product overview

Meghna Petroleum Limited (MPL) is a state-owned petroleum distribution company under Bangladesh Petroleum Corporation. The company markets refined petroleum products including Diesel (HSD), Octane (HOBC), Petrol (MS), Kerosene (SKO), Furnace Oil (HSFO), and Jute Batching Oil (JBO). MPL also distributes LPG (Liquefied Petroleum Gas) and lubricants through its network of registered filling stations and depots across Bangladesh. The product portfolio covers transportation fuels, industrial fuels, agricultural fuels, and specialty oils for the jute industry.

Differentiator

Problem solved

Functional benefit

Products and services

• Diesel (HSD - High Speed Diesel)

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Petromax LPG Limited (পেট্রোম্যাক্স এলপিজি লিমিটেড)minorStrategic or Co-development Partner · 20 August 2019Partnership for LPG (Auto Gas) sales through Meghna Petroleum's registered filling stations. The agreement enables establishment of LPG refueling stations and liquefied petroleum gas conversion workshops. Royalty of Tk 0.50 per liter of LPG sold is received by Meghna Petroleum. Managing Director of Petromax LPG Limited, Nafis Kamal, and Managing Director of Meghna Petroleum, Mir Saifullah Al Khalid, signed the agreement.
• BM Energy (Bangladesh) Limited (বিএম এনার্জি (বিডি) লিমিটেড)minorStrategic or Co-development Partner · 19 August 2019Partnership for LPG (Auto Gas) sales through Meghna Petroleum's registered filling stations. The agreement enables establishment of LPG refueling stations and liquefied petroleum gas conversion workshops. Royalty of Tk 0.50 per liter of LPG sold is received by Meghna Petroleum. Managing Director of BM Energy Bangladesh Limited, Mostafizur Rahman, and Managing Director of Meghna Petroleum, Mir Saifullah Al Khalid, signed the agreement.

Scale indicators7 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Padma Oil Company Limited: Sister BPC subsidiary also engaged in marketing and distribution of refined petroleum products (diesel, petrol, octane, kerosene, furnace oil) across Bangladesh through a network of filling stations and depots. Direct comparable as both are listed on DSE/CSE and operate under the same BPC framework.
• Jamuna Oil Company Limited: Another sister BPC subsidiary marketing refined petroleum products and lubricants in Bangladesh via a nationwide depot and filling station network. Closely comparable to MPL in product mix, regulatory framework, and customer base.

Regional players

• Hindustan Petroleum Corporation Limited: Indian state-affiliated downstream petroleum marketing and refining company with a national retail and LPG network. Comparable in product range (fuels, lubricants, LPG) and customer base, but operates under India's regulatory framework.
• Indian Oil Corporation Limited: India's largest state-owned downstream petroleum marketing company operating a nationwide network of fuel stations and depots. Comparable in business model (state-affiliated fuel marketing) and product mix, but serves the Indian market under India's regulatory framework.
• Pakistan State Oil Company Limited: Pakistan's largest state-owned petroleum marketing company distributing motor fuels, HSD, furnace oil, and LPG across Pakistan. Comparable in scale, state ownership, and regulated pricing dynamics, but in a separate South Asian geography.
• Bharat Petroleum Corporation Limited: Indian state-owned downstream petroleum marketer with extensive retail, LPG, and lubricant operations comparable in product portfolio and customer segmentation. Operates under India's fuel pricing regime in a different geography.

Others

• Numaligarh Refinery Limited: Indian refinery supplying petroleum products to downstream marketers. Adjacent value chain participant rather than a direct competitor, but comparable as a state-owned energy infrastructure operator in South Asia.
• Eastern Refinery Limited: Bangladesh's only state-owned crude oil refinery and a sister BPC entity. Connected as MPL's likely upstream supplier of refined products, but operates in refining rather than marketing and distribution.

Broad incumbents

• Bangladesh Petroleum Corporation (BPC): The state-owned parent entity of MPL that oversees the entire downstream petroleum value chain in Bangladesh including import, storage, and distribution through its subsidiaries. Comparable as the controlling incumbent in the same market.

Emerging players

• Petromax LPG Limited: Bangladesh-based LPG supplier that partnered with MPL in 2019 to set up Auto Gas refueling stations and conversion workshops at MPL's filling stations. Tangentially comparable as a partner in MPL's LPG growth strategy, though primarily an LPG marketing player rather than a fuel marketer.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/100083337101045
• LinkedInlinkedin.com/company/meghna-petroleum-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles24 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 Meghna Petroleum