List of the Top Oil & Gas Stocks in India for 2026
India's oil demand is expected to grow by 1.2 mn barrels per day by 2030, accounting for more than a third of the total rise in global demand. Natural gas demand is similarly on an upward trajectory through 2040, driven by industrial expansion and rising energy consumption nationwide. As one of the world's fastest-growing energy markets, India's oil and gas sector sits at the centre of both domestic growth and global supply dynamics. Here, we will cover some of the top oil and gas stocks listed in India.
List of Oil Stocks in India (2026)
Gas Distribution Stock Screener
Gas Distribution Stock Screener: Analyse & Filter Indian Stocks on Tickertape
Created by
@tickertapetickertapeShowing 1 - 13 of 13 results
last updated at 6:30 AM IST
| NameStocks (13)↓ | ↓Sub-SectorSub-Sector↓ | ↓Market CapMarket Cap↓ | ↓Close PriceClose Price↓ | ↓PE RatioPE Ratio↓ | ↓1D Return1D Return↓ | ↓1M Return1M Return↓ | ↓6M Return6M Return↓ | ↓1Y Return1Y Return↓ | ↓PB RatioPB Ratio↓ | ↓Return on EquityReturn on Equity↓ | ↓ROCEROCE↓ | ↓Dividend YieldDiv Yield↓ | ↓Debt to EquityDebt to Equity↓ | ↓Volatility vs NiftyVolatility vs Nifty↓ | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Gail (India) LtdGAIL | Gas DistributionGas Distribution | 1,10,467.911,10,467.91 | 168.01168.01 | 14.5714.57 | 0.250.25 | 1.461.46 | -0.01-0.01 | -14.14-14.14 | 1.301.30 | 15.3315.33 | 9.619.61 | 3.273.27 | 0.250.25 | 1.801.80 | |
| 2. | Adani Total Gas LtdATGL | Gas DistributionGas Distribution | 80,110.1780,110.17 | 728.40728.40 | 122.17122.17 | -3.16-3.16 | 17.1117.11 | 23.6923.69 | 2.152.15 | 16.4716.47 | 14.4614.46 | 13.8213.82 | 0.030.03 | 0.460.46 | 3.473.47 | |
| 3. | Gujarat Energy LtdGUJGASLTD | Gas DistributionGas Distribution | 35,774.7435,774.74 | 381.30381.30 | 21.3321.33 | -2.77-2.77 | -3.55-3.55 | -3.36-3.36 | -20.68-20.68 | 4.214.21 | 14.1714.17 | 27.7927.79 | 1.711.71 | 0.020.02 | 2.102.10 | |
| 4. | Indraprastha Gas LtdIGL | Gas DistributionGas Distribution | 22,703.8322,703.83 | 162.17162.17 | 14.6514.65 | -0.20-0.20 | -0.56-0.56 | -12.22-12.22 | -24.10-24.10 | 2.132.13 | 16.9316.93 | 17.7617.76 | 0.920.92 | 0.010.01 | 2.012.01 | |
| 5. | Gujarat State Petronet LtdGSPL | Gas DistributionGas Distribution | 15,140.6115,140.61 | 268.35268.35 | 13.6313.63 | 0.000.00 | -6.71-6.71 | -10.77-10.77 | -18.64-18.64 | 0.970.97 | 7.427.42 | 13.2613.26 | 1.861.86 | 0.010.01 | 2.002.00 | |
| 6. | Mahanagar Gas LtdMGL | Gas DistributionGas Distribution | 10,672.9410,672.94 | 1,080.501,080.50 | 12.6912.69 | 2.022.02 | -6.56-6.56 | -3.13-3.13 | -22.48-22.48 | 1.811.81 | 18.8518.85 | 18.0718.07 | 2.782.78 | 0.030.03 | 2.152.15 | |
| 7. | Everest Kanto Cylinder LtdEKC | Gas DistributionGas Distribution | 1,197.821,197.82 | 106.75106.75 | 8.168.16 | -0.64-0.64 | -12.50-12.50 | -9.72-9.72 | -22.97-22.97 | 0.990.99 | 8.498.49 | 13.6713.67 | 0.660.66 | 0.120.12 | 3.003.00 | |
| 8. | Irm Energy LtdIRMENERGY | Gas DistributionGas Distribution | 1,036.961,036.96 | 252.55252.55 | 19.4919.49 | -1.67-1.67 | -18.91-18.91 | -11.60-11.60 | -19.00-19.00 | 1.091.09 | 4.754.75 | 8.768.76 | 0.590.59 | 0.150.15 | 3.743.74 | |
| 9. | Rajasthan Securities LtdRAJSEC | Gas DistributionGas Distribution | 362.08362.08 | 47.1047.10 | 4.474.47 | 0.020.02 | 3.183.18 | 10.3810.38 | 10.8210.82 | 10.0810.08 | 21.6421.64 | 292.68292.68 | -- | 0.000.00 | 3.923.92 | |
| 10. | Mauria Udyog LtdMUL | Gas DistributionGas Distribution | 116.95116.95 | 8.788.78 | 4.884.88 | -2.88-2.88 | -18.83-18.83 | -25.84-25.84 | -37.73-37.73 | 3.803.80 | 69.5069.50 | 23.2623.26 | -- | 6.226.22 | 3.543.54 | |
| 11. | Rudra Gas Enterprise LtdRUDRAGAS | Gas DistributionGas Distribution | 67.9167.91 | 81.4581.45 | 7.927.92 | 0.180.18 | 5.235.23 | 7.317.31 | -30.27-30.27 | 2.102.10 | 21.3321.33 | 40.9140.91 | -- | 0.740.74 | 5.165.16 | |
| 12. | Kabsons Industries LtdKABSON | Gas DistributionGas Distribution | 32.7132.71 | 18.7318.73 | 40.8940.89 | 0.700.70 | -7.28-7.28 | 20.3720.37 | -17.81-17.81 | 2.352.35 | 16.0516.05 | 7.157.15 | -- | 0.020.02 | 5.295.29 | |
| 13. | Southern Gas LtdZSOUTGAS | Gas DistributionGas Distribution | 0.060.06 | 25.0025.00 | 0.020.02 | 0.000.00 | -- | 5.005.00 | 5.005.00 | 0.000.00 | 7.647.64 | 14.3914.39 | 240.00240.00 | 0.000.00 | 2.822.82 |
Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.
Selection criteria: Sub-sector: Gas Distribution | Market Cap: Sorted from Highest to Lowest
Selection criteria: Sub-sector: Gas Distribution | Market Cap: Sorted from Highest to Lowest
Latest Budget Updates on the Oil and Gas Sector in India
- Strategic Petroleum Reserves: ₹5,597 cr. has been allocated to expand India's oil storage facilities, which will help the country manage supply disruptions from global markets.
- LPG Subsidy: ₹11,925 cr. has been set aside for LPG subsidies, helping programs like Pradhan Mantri Ujjwala Yojana (PMUY) provide affordable cooking gas to low-income households.
- Indradhanush Gas Grid Project: ₹1,000 cr. has been allocated for expanding natural gas pipelines in Northeast India, improving energy access in the region.
- Support for OMCs: The government has approved ₹30,000 cr. to help Oil Marketing Companies (OMCs) cover their LPG-related losses, ensuring the continued supply of affordable gas under programs like PMUY.
How to Invest in Oil and Gas Stocks?
Investing in oil and gas stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in oil and gas stocks:
- Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
- Search for oil and gas stocks: Go to Tickertape Stock Screener and select “Nifty 50” under “Stock Universe”
- Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top oil and gas stocks in India.
- Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
- Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
- Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.
Overview of the Best Oil and Gas Stocks
Gail (India) Ltd
GAIL has been around since 1984, which makes it one of India's oldest and largest players in natural gas. Transporting and marketing natural gas is the core business, but the company also runs petrochemical operations and gas-based power plants. On top of that, GAIL plays a direct role in developing India's gas infrastructure at a national scale.
Adani Total Gas Ltd
This company started as a joint venture in 2004 between the Adani Group and TotalEnergies. The focus is city gas distribution, connecting homes, businesses, and industries across India to natural gas as a cleaner energy alternative. Both parent companies bring significant weight to the partnership.
Gujarat Gas Ltd
Operating since 1980, Gujarat Gas is one of the more established names in natural gas in western India. It supplies natural gas to residential, commercial, and industrial customers in Gujarat and develops city gas distribution networks across the state.
Indraprastha Gas Ltd
IGL was set up in 1998 as a joint venture between the Government of Delhi and Bharat Petroleum Corporation Ltd. It distributes natural gas across Delhi and nearby areas, serving homes, businesses, and industries. Given Delhi's scale and density, IGL operates in one of the largest urban markets for city gas distribution in the country.
Gujarat State Petronet Ltd
Founded in 1998, GSPL runs one of the more significant pipeline networks in Gujarat. The company transports natural gas and connects cities to the national gas grid. As demand for cleaner energy grows, that infrastructure position puts GSPL in a critical spot in the supply chain.
What are Oil and Gas Stocks in India
Oil and gas stocks in India are shares of companies listed on Indian stock exchanges that work across the exploration, production, refining, and distribution of oil and natural gas. The sector covers three broad segments: upstream handles exploration and production, midstream takes care of transportation and storage, and downstream covers refining, distribution, and marketing.
Advantages of Investing in Oil and Gas Stocks in India
Rising Energy Demand
India's energy consumption is expected to nearly double by 2040. That's a substantial jump, driven by three converging forces: rapid urbanisation, industrial expansion, and higher per capita energy use. More people in cities, more factories running, and more households consuming, the demand equation keeps compounding.
Government Initiatives
Two government programmes are directly shaping the landscape here. The Pradhan Mantri Urja Ganga (PMUG) Project and SATAT are both working to expand natural gas infrastructure while pushing the country toward cleaner energy sources. For oil and gas stocks, that government backing creates a more stable operating environment.
Technological Advancements
Drilling is more precise now. So is exploration. Distribution has improved too. These aren't cosmetic upgrades; they directly lower operational costs and push production output higher. For companies in the sector, that combination typically translates into better profitability.
Urbanisation and Industrial Growth
India's cities are growing at a pace that's hard to overstate. Industries are expanding alongside them. Both trends continue to drive energy demand upward, and natural gas is absorbing a growing share of that demand as a cleaner alternative. Companies in this space sit at the centre of a structural, long-running shift.
Risks Associated with Investing in Oil and Gas Stocks
Price Volatility
Prices in this sector don't move gradually. A geopolitical event, a production decision, or a global economic shift can send oil and gas prices sharply in either direction. When they drop hard, company revenues follow, and the stock price usually reflects that drop fast.
Regulatory Risks
The oil and gas industry operates under close government scrutiny. Crude oil stocks in India are particularly exposed here. A change in tax structure, a tightening of environmental standards, or a shift in fuel pricing policy can raise costs or compress margins, sometimes quickly and without much warning.
Environmental Concerns
Spills, pollution, and the broader environmental footprint of fossil fuels create real financial exposure, not just reputational risk. Fines, litigation, and cleanup costs show up directly on the balance sheet. And the ongoing global pressure to shift toward cleaner energy keeps adding cost to companies that rely on traditional fossil fuel operations.
High Capital Costs
Exploration, infrastructure, and production all need large capital investment upfront. Projects in this industry run over budget and over time more often than not. When that happens, a company's financial position can deteriorate, and crude oil stock performance in India takes the hit.
Receive real-time market alerts for timely decisions
Monitor your portfolio from the palm of your hands
Watchlist stocks and mutual funds to stay updated
Factors to Consider Before Investing in Oil and Gas Stocks
Oil and Gas Prices
There's one variable that matters more than most others here: global oil and gas prices. Crude oil stocks in India track those prices closely. Even moderate swings can meaningfully change a company's revenue picture, so keeping an eye on global price trends is a baseline part of investing in this sector.
Regulatory and Environmental Risks
Policy in this space keeps tightening. New emission standards, drilling regulations, and environmental compliance requirements tend to add costs rather than reduce them. Staying current on government policy and environmental law helps identify where cost pressures are building before they become a problem.
Industry Trends
Renewable energy is growing faster than most expected. The global move away from fossil fuels is steady, and it raises real questions about long-term demand for oil and gas. Before investing, it's worth checking how a company is responding, whether through investment in cleaner technology or diversification across energy types.
Company's Exploration and Production Capabilities
Not every oil and gas company explores and produces at the same level of efficiency. The ones with active exploration programmes and a consistent track record of production growth tend to hold up better, especially during periods when oil and gas share prices are climbing.
Technology and Innovation
Better drilling methods, smarter exploration tools, and improved distribution systems cut costs and improve output. The gap between companies investing in these technologies and those not doing so tends to widen over time. Innovation is increasingly a separator in this sector.
Popular Stock Collections
Popular Mutual Fund Collections
Frequently Asked Questions on Oil and Gas Stocks
What are gas sector stocks?
Gas sector stocks are shares of companies that transport and deliver natural gas to consumers. That includes residential users, commercial establishments, and industrial operations.What are the top oil and gas companies?
As of 29th May 2026, here is a oil company list of the best oil and gas stocks as per market capitalisation include:- Gail (India) Ltd
- Adani Total Gas Ltd
- Gujarat Gas Ltd
- Indraprastha Gas Ltd
- Gujarat State Petronet Ltd
Disclaimer: Please note that this oil company share list is not a recommendation. Please do your own research or consult your financial advisor before investing.
How to invest in oil and gas stocks?
Here’s how you can invest in the oil and gas stocks:- Go to the
- Analyse and sort the oil and gasoline stocks using over 200+ filters, including valuation ratios, natural gas stock price today, financials, technical indicators, and more, based on your investment thesis.
- Review the filtered Nifty oil and gas stocks list, and identify the best oil and natural gas shares that align with your risk appetite, return expectations, and investment goals.
- Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred oil and gasoline stocks.
What factors influence the performance of gasoline stocks?
Several variables move gasoline stock performance. Global oil prices and demand for gasoline are the obvious ones, but refining capacity, government regulations, and geopolitical events all play a role too. Consumer behaviour shifts matter as well. The growing adoption of electric vehicles, for instance, is already starting to affect gas share prices in ways that weren't a factor a decade ago.Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
What are the advantages of investing in oil and gasoline stocks?
Oil and gasoline stocks give investors direct exposure to the energy sector, which underpins large parts of the global economy. Rising energy demand, active government initiatives, and ongoing infrastructure development all work in favour of companies operating in this space.Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Who should invest in oil and gasoline stocks?
Investors looking for exposure to the energy sector, and to oil and gasoline markets specifically, may find these stocks worth exploring. That said, the sector carries its own set of risks alongside the potential benefits. Understanding both sides before putting capital in is essential.Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
What are the factors that influence natural gas stock price in India?
Quite a few variables feed into natural gas stock prices in India. Global natural gas prices and local supply-demand dynamics set the baseline. Weather conditions add another layer, since colder winters drive up demand for heating. Beyond that, geopolitical tensions, government policies, and environmental regulations can all shift prices, sometimes abruptly.Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
