A fast-read primer on India's oil, gas and consumable fuels sector — the backdrop against which we benchmark every company's cost structure in this category.
India's fuel demand has grown steadily for a decade, and refining capacity is set to nearly double by 2030.
FY14 → FY25
FY25 → 2030 target
Rising demand, major expansion plans, and consistent policy support define the sector.
A sample of the industry-wide and policy moves shaping the sector through early 2026.
Listed Indian Consumable Fuels companies in tDoBe's cost-benchmarking coverage.
The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.
Each mark is one company's total Other Expenses as % of net revenue. No company is named here.
Ranked from biggest to smallest.
General overheads make up almost all of the identifiable cost here — this sector tends to run a fairly lean cost structure outside of that one bucket.
This is by far the widest range we've measured. This sector code covers everything from small coal traders to a large state-run coal producer — very different scales and business models sharing one label.
We use each company's own standalone financial records — not group numbers, not each company's own labels. Every cost line is read by hand and placed into one common set of categories, so every company is compared the same way.
This is the free, sector-wide view. It tells you where Consumable Fuels stands as a whole — not where your own company stands against it, category by category, in rupees.
A below-average number is a reason to call too — the benchmark keeps improving as we go.