In the evolving landscape of Bangladesh's energy sector, Petromax LPG, a subsidiary of SHV Energy, has established itself as a significant player in the Liquefied Petroleum Gas (LPG) market. SHV Energy, a Netherlands-based company with a 125-year history in the energy sector, operates in 25 countries and serves 30 million household, commercial, and industrial customers across four continents. Known for its industry-leading safety standards and people-centric approach, SHV Energy entered the Bangladeshi LPG market with a mission to provide reliable LPG solutions.
Petromax LPG has emerged as a prominent entity in this mission, driven by a commitment to safety, efficiency, and customer satisfaction. The company introduced Bangladesh's first Direct Delivery LPG service, providing cleaner, safer, and more affordable energy directly to end consumers. By establishing a robust distribution network, Petromax LPG has reached underserved and rural areas, where traditional fuel sources were previously common. This expan- sion has improved the quality of life for many Bangladeshis by offering a cleaner alternative to biomass and coal, thus reducing indoor air pollution and associated health risks. Currently, Petromax LPG holds an 8% market share in the country's LPG industry, with more than 100k MT of LPG distributed per year direct to the end consumers (Households, Autogas & Industrial bulk) and through our well-established dealers' network.
Through its network of LPG refueling stations, storage facilities, and transportation logistics, Petromax LPG ensures a steady supply of LPG while enhancing overall supply chain efficiency. This reduces costs and improves service delivery.
As the market for domestic LPG cylinders and associated services grows, driven by households transitioning from traditional fuels, the industrial sector—including textiles, ceramic and food processing— is increasingly adopting LPG due to its efficiency and lower environmental impact. Additionally, commercial establishments such as restaurants and hotels, with their high energy needs, are using LPG as fuel. Also, Autogas or LPG is poised to play a significant role in the automotive fuel sector.
Looking ahead, Petromax LPG is likely to continue focusing on expanding its reach, enhancing operational efficiency, and exploring new opportunities for growth. The company's commitment to innovation, quality, and customer service positions it well to play a pivotal role in the future of Bangladesh's LPG market, driving progress and improving the quality of energy solutions available to the nation.We believe in the country, in the market and in the people.
