Savita Oil Technologies remained India’s largest base oils importer in 2025, extending its lead for at least a sixth straight year and tapping into the country’s fast-growing lube consumption.

Savita, which derives most of its revenue from specialty oils like transformer oils and white oils, increased its share of India’s base oils imports to close to 16% in 2025, holding above the 15% threshold for a third straight year.

India’s base oils imports climbed to more than 4.1 million tonnes in 2025, rising 9% year on year to their highest level since 2021.

The growth in imports tracked India’s lube consumption, which rose by 8% to more than 4.8 million tonnes in 2025, underlining the country’s continued reliance on overseas supplies.

That dynamic could begin to shift in 2026 as new domestic production capacity comes online and covers more of the country’s rising lube consumption.

Key Highlights

·         Apar Industries was India’s second-largest base oils importer in 2025 for a third straight year, with its share of total shipments rising for at least a fifth consecutive year.

·         Gandhar Oil Refinery held onto its position as the third-largest importer for a second year, even as its market share fell by more than two percentage points from 2024.

·         Raj Petro remained the fourth-largest importer, even as its share of total shipments also edged lower.

·         Bhuvi Petroleum, which sources and distributes products like base oils and fuel oil, was the fifth-largest importer in 2025, jumping from fifteenth place in 2024.

·         Bhuvi posted the largest gain in market share in 2025, driven by a surge of more than 150% in import volumes.