Petromax LPG

What Petromax LPG does

Petromax LPG Ltd. is a Bangladesh-based liquefied petroleum gas (LPG) distributor that supplies domestic, commercial, and industrial customers across the country. The company was founded in 2018 and operates the country's largest LPG infrastructure, comprising two advanced filling plants — Mongla (5,000 MT storage) and Rupganj (1,000 MT storage) — combined with six regional distribution centers, 300+ authorized distributors, and two company-owned dual-capability vessels for inland waterway and seagoing transport. Its product portfolio includes 12kg domestic cylinders (available in 20mm and 22mm valve sizes), 35kg commercial cylinders, customized industrial tank installations, autogas (LPG vehicle fuel), and LPG reticulation systems for apartment complexes serving 25,000+ households. Distribution reaches end customers through multiple channels: the Priyojon branded retail partner program, authorized distributors and dealers, autogas station partners, a commercial channel partner network, and a first-of-its-kind direct-to-household delivery service that has served 2 million+ customers.

Name

Petromax LPG

Legal name

Petromax LPG Ltd.

Website

https://petromaxlpg.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Petromax LPG is a Bangladesh-based LPG distributor serving households, commercial businesses, and industrial customers through filling plants, distribution centers, and a nationwide network of 300+ distributors, reticulation systems, and direct delivery.

Ownership category

akta.pro rank

Product category

LPG Distribution

NAICS

Pipeline Transportation of Refined Petroleum Products (48691)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Metal Shipping Barrels, Drums, Kegs & Pails (3412)

akta.pro primary industry

NGL/LPG Pipeline Storage & Terminaling (Caverns, Bullet Tanks, Tank Farms) (TLAGAEAM)

akta.pro secondary industries

LPG / NGL Terminals (Pressurized/ Refrigerated Gas) (TLAHABAK), NGL/LPG Distribution / Local Delivery Pipelines (Terminal-to-Market) (TLAGAEAJ)

Keywords

• Liquefied petroleum gas distribution
• Lpg cylinder supply
• Bulk industrial gas
• Gas reticulation systems
• Autogas refueling

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Domestic LPG Cylinder Sales: Sale and distribution of 12kg LPG cylinders to households through new cylinder packages and refill/exchange programs. Primary revenue stream serving millions of domestic customers across Bangladesh.
2. Commercial and Industrial LPG Supply: Bulk LPG supply and customized tank installations for factories, agribusinesses, hotels, restaurants, and large commercial establishments. Revenue generated through dedicated commercial channel partnerships.
3. Autogas (Vehicle LPG): LPG fuel distribution through partnered autogas refueling stations for vehicle fleets, providing cleaner and more cost-effective transportation fuel.
4. LPG Reticulation Services: Centralized gas supply system installation and service for residential and commercial buildings, offering continuous gas supply without cylinder handling.
5. Direct Delivery Service: First-of-its-kind direct delivery service in Bangladesh, delivering filled LPG cylinders directly to households with minimal documentation.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels11 records

Core offering

Petromax LPG distributes liquefied petroleum gas (LPG) across Bangladesh through a network of two filling plants, six regional distribution centers, and 300+ distributors. The company sells 12kg domestic cylinders and 35kg commercial cylinders, supplies bulk LPG and customized tank installations to industrial customers, operates autogas refueling for vehicles, and provides LPG reticulation services for residential complexes and commercial buildings. It also offers a first-of-its-kind direct-to-household cylinder delivery service.

Product overview

Petromax LPG offers a diversified portfolio of Liquified Petroleum Gas (LPG) products and services for homes, businesses, and industries across Bangladesh. The core product lineup includes 12kg domestic cylinders (available in 22mm and 20mm valve sizes) and 35kg commercial cylinders for household and business use. Industrial solutions encompass customized LPG tank installations for factories, agribusinesses, and large commercial establishments. The company also provides autogas (LPG fuel for vehicles) through refueling stations and operates LPG reticulation services—a centralized piped gas system for residential complexes and commercial buildings. Distribution is handled through a nationwide network of over 300 distributors, Priyojon branded retail outlets, and direct delivery services. As a subsidiary of SHV Energy, Petromax benefits from global expertise in LPG distribution while maintaining local operational presence through two filling plants (Mongla and Rupganj) and six regional distribution centers.

Differentiator

Problem solved

Functional benefit

Brands

• Priyojon: Exclusive retail partnership program where Petromax helps partners grow their business through safety and service training, often launching branded Petromax LPG shops in their area.

Products and services

• 12kg LPG Cylinders Domestic LPG cylinders weighing 12kg, available in 22mm and 20mm valve sizes, offered as new cylinder packages or refill exchanges for household cooking and heating.
• 35kg Commercial Cylinders Commercial-grade LPG cylinders for businesses with higher energy requirements, including hotels, restaurants, and catering operations.
• Industrial LPG Solutions Customized LPG tank installations and bulk LPG supply tailored for factories, agribusinesses, and large commercial establishments with high energy demands, meeting safety and compliance standards.
• LPG Reticulation Services Centralized gas bank and pipe networking system for large apartments, residential complexes, and commercial buildings, providing piped LPG directly to units with advanced safety monitoring and metered billing.
• Autogas (LPG for Vehicles) LPG fuel for vehicles offered through partnered autogas refueling stations, providing a cost-effective and eco-friendly alternative transportation fuel.
• Direct Delivery Service First-in-Bangladesh direct delivery service that delivers filled LPG cylinders directly to households with minimal documentation, eliminating intermediary involvement.

Quantifiable outcome

• 25,000+ households served through reticulation with 99.8% safety record
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Totalgaz Bangladesh: Subsidiary of TotalEnergies distributing LPG cylinders, bulk, and autogas to households, businesses, and industries across Bangladesh. Competes directly with Petromax on branded LPG and autogas stations.
• Omera LPG (Omera Petroleum): Leading LPG importer and distributor in Bangladesh operating terminals at Mongla, multiple bottling plants, autogas stations, and a national dealer network. Closely comparable to Petromax on infrastructure and customer segments.
• BEXIMCO LPG: One of the largest LPG distributors in Bangladesh, operating filling plants, cylinder distribution, and retail networks serving domestic, commercial, and industrial customers. Directly competes with Petromax across household cylinders, commercial supply, and autogas.
• Bashundhara LP Gas: Vertically integrated Bangladeshi LPG operator under Bashundhara Group, with import terminals, filling plants, bottling, and nationwide dealer network. Competes head-to-head with Petromax in cylinders, bulk supply, and autogas.

Broad incumbents

• Butagaz: SHV Energy subsidiary and one of the leading LPG distributors in France serving households, businesses, and autogas. Operates an analogous cylinder-plus-bulk-plus-autogas model and shares supply-chain and best-practice infrastructure with Petromax.
• SHV Energy: Global parent and the world's leading LPG distributor operating in 21 countries serving 26M+ customers. Owns Petromax; comparable on distribution model, supply contracts, safety standards, and customer segments at a portfolio level.
• Primagaz: Major European LPG distributor (also part of SHV Energy group) operating cylinder distribution, bulk tanks, and autogas across multiple countries. Directly comparable operating model and customer segments to Petromax.

Emerging players

• Suburu Corporation: Japanese LPG distributor serving household, industrial, and autogas segments across Asia. Comparable multi-segment LPG distribution model and provides an emerging-market peer benchmark alongside SHV/Primagaz/Butagaz.

Regional players

• Confidence Infrastructure (CIL LPG): Bangladesh-based LPG operator under Confidence Group with import, storage, bottling, and distribution capabilities competing in the same domestic LPG market as Petromax.
• JMI Group LPG (e.g., JMI Bangla Gas): Bangladeshi conglomerate with LPG import, bottling, and distribution operations serving households and commercial customers. Comparable emerging regional LPG distributor competing for the same end customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@PetromaxLPG
• Facebookfacebook.com/petromaxlpg
• LinkedInlinkedin.com/company/petromax-lpg

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Petromax LPG