Padma Oil

DSE: PADMAOIL

Fuel distribution · BPC (SOE-linked)

Padma Oil is a state-linked petroleum marketing company under the Bangladesh Petroleum Corporation (BPC) umbrella, distributing refined petroleum products through a national network of depots and dealers, and one of the oldest issuers on the Dhaka exchange.

Business: Procurement, storage and marketing of petroleum products (petrol, diesel, kerosene, furnace oil, lubricants and related fuels) via depots, agents and retail dealers across Bangladesh, operating within BPC's centrally administered pricing system.

Market data

Market capitalisation

17,309 mn BDT

Paid-up capital

982 mn BDT

Outstanding shares

98,232,750

Last price

177.3 BDT

Listed

1976

Market category

A

Source: Dhaka Stock Exchange, fetched 2026-05

Policy exposure

Administered fuel pricing by BPC/government rather than market-based margins Regulated distribution margins and periodic price adjustments link the firm's profitability directly to fiscal and subsidy policy on fuel. Source: analysis

State ownership combined with public listing creates a dual mandate (commercial returns vs public-service pricing) SOE-linked listed firms test corporate-governance and minority-shareholder protection where the state is both regulator and dominant owner. Source: analysis

Exposure to BPC's import bill and forex needs for crude/refined-product procurement The downstream marketer sits within a supply chain whose dollar fuel-import requirements are a major pressure point on national reserves and energy security. Source: analysis