| Downstream Petroleum | Refining crude, retail fuel sales, lubricants, LPG, aviation fuel, bitumen, petrochemicals, and pipeline distribution services. | Extensive refining capacity, vast retail network, strategic pipeline infrastructure, joint ventures, and government backing. | B2C retail fuel customers, commercial fleets, industrial users, airlines, government entities. | Lubricants, petrochemicals, and value-added specialty fuel products. | 466338 | 99 | Sales of petroleum products, lubricants, pipeline usage fees, and retail outlet revenues. | Primarily direct sales with government-regulated pricing on fuels; lubricant sales include branded and bulk segments. | Increasing fuel demand, refinery upgrades, new retail outlets, biofuels promotion, and petrochemical product expansion. | CLUB HP, HP LPG, Racer Lubricants, HP DURAPOL |
| Others | Renewable energy projects, biofuels, natural gas distribution, CNG, electric vehicle charging. | Early investments in green hydrogen, exclusive LNG terminals, progressive sustainability strategy, and R&D strength. | B2B industrial clients, retail CNG users, government programs, emerging green mobility sectors. | Renewable energy generation, biofuels, and CNG distribution. | 385 | 1 | Sales of renewable energy, gas distribution fees, green fuel products, and new energy solutions. | Usage and sales based, expanding recurring revenue streams in renewables and gas. | Government push for clean energy, CBG projects, LNG terminal commissioning, and electric mobility infrastructure. | HPCL Middle East FZCO, HPCL Renewable & Green Energy |
