Financial Performance Analysis of Selected Indian Petroleum Industries: A Comparative Study

The oil and gas sector constitutes one of the eight core sectors in India, which has a significant role to play in influencing policy decisions across all economic domains.The need for oil and gas is expected to increase, thus making the sector more attractive as far as investments are concerned; India's economic growth has a strong correlation with energy demand.As of 2022, India maintained its place as the 3rd largest oil consumer in the world.In order to meet the growing demand, the government has implemented a number of policies.It has allowed 100% foreign direct investment (FDI) in a number of industry sectors, including natural gas, petroleum products, and refineries.