7 Best Fuel Credit Cards in India for Petrol & Diesel (Ranked by Real Savings)
With daily commutes and highway drives cutting into monthly budgets, fuel expenses remain one of the largest non-negotiable household costs. A dedicated fuel credit card can effectively return between 2% and 7.25% of your spending back into your wallet through accelerated reward points, cashback, and surcharge waivers.
Below is an exhaustive, ranked review of the top 7 fuel credit cards available in India—ordered from the highest effective fuel return rate to the lowest—complete with reward formulas, eligibility, and fee structures.
Table of Contents
At a Glance: Ranked Comparison Table
| Rank | Credit Card | Co-Branded Partner | Effective Fuel Savings | Fuel Surcharge Waiver | Annual Fee (excl. GST) | Best Suited For |
| 1 | BPCL SBI Card Octane | Bharat Petroleum (BPCL) | 7.25% | 1% (up to ₹100/mo) | ₹1,499 | Frequent urban drivers & long commuters |
| 2 | IndianOil Axis Bank Credit Card | Indian Oil (IOCL) | 5.00% | 1% (up to ₹50/mo) | ₹500 | Daily two-wheeler & budget car owners |
| 3 | HPCL Bank of Baroda ENERGIE | HPCL | 5.00% | 1% (up to ₹100/mo) | ₹499 | Commuters using HP Pay ecosystem |
| 4 | IndianOil HDFC Bank Credit Card | Indian Oil (IOCL) | 5.00% | 1% (up to ₹250/mo) | ₹500 | Existing HDFC customers wanting IOCL perks |
| 5 | ICICI Bank HPCL Super Saver | HPCL | 5.00% | 1% (waived) | ₹500 | Drivers seeking HPCL cashback + utility savings |
| 6 | BPCL SBI Card (Standard) | Bharat Petroleum (BPCL) | 4.25% | 1% (up to ₹100/mo) | ₹499 | Entry-level cardholders wanting BPCL rewards |
| 7 | IndianOil Kotak Credit Card | Indian Oil (IOCL) | 4.00% | 1% (up to ₹100/mo) | ₹449 | Low-cost option with easy fee reversal |
Detailed Reviews & Breakdowns (Ranked #1 to #7)
1. BPCL SBI Card Octane (7.25% Value Back)
The undisputed leader for BPCL customers. It offers 25 reward points per ₹100 spent at BPCL outlets, resulting in an unbeatable 6.25% value back plus a 1% surcharge waiver.
| Parameter | Details |
| Fuel Benefits | • 6.25% value back (25 reward points per ₹100 spent) on BPCL fuel, lubricants, & Bharatgas. • 1% fuel surcharge waiver on transactions up to ₹4,000. • Maximum fuel points capped at 2,500 points (~₹625) per billing cycle. |
| Other Perks | • 10x points on Dining, Departmental stores, & Groceries. • 4 complimentary domestic airport lounge visits/year (1 per quarter). |
| Eligibility Criteria | • Age: 21–65 years. • Salaried: Net monthly income ≥ ₹35,000; Self-employed: Annual ITR ≥ ₹5,00,000. • CIBIL Score: 750+. |
| Fees & Charges | • Joining: ₹1,499 + GST (Welcome gift of 6,000 bonus points worth ₹1,500). • Annual Fee: ₹1,499 + GST (Waived on spends ≥ ₹2,00,000/year). |
2. IndianOil Axis Bank Credit Card (5.00% Value Back)
Designed for value-conscious drivers who refuel at IndianOil pumps. Uses the EDGE reward ecosystem for straightforward redemption.
| Parameter | Details |
| Fuel Benefits | • 4% value back (20 EDGE points per ₹100 spent) at IOCL pumps via Axis POS terminals. • 1% fuel surcharge waiver on transactions between ₹200 and ₹4,000. • Accelerated points capped at fuel spend of ₹4,000 per month. |
| Other Perks | • 1% value back on online shopping. • 100% cashback on your first fuel transaction within 30 days (up to ₹250). |
| Eligibility Criteria | • Age: 18–70 years. • Salaried: Net income ≥ ₹25,000/month; Self-employed: ITR ≥ ₹3,60,000/year. • CIBIL Score: 730+. |
| Fees & Charges | • Joining: ₹500 + GST. • Annual Fee: ₹500 + GST (Waived on annual spends > ₹50,000). |
3. HPCL Bank of Baroda ENERGIE Credit Card (5.00% Value Back)
Offers robust returns when combined with the HP Pay app, delivering up to 24 reward points per ₹150 spent.
| Parameter | Details |
| Fuel Benefits | • 4% savings (24 reward points per ₹150 spent) at HPCL pumps & HP Pay app. • Additional 1.5% cashback on paying through HP Pay wallet/app. • 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (up to ₹100/statement). |
| Other Perks | • 10 reward points per ₹150 spent on Groceries and Departmental stores. • 25% discount on movie tickets on Paytm Movies (up to ₹100/transaction). |
| Eligibility Criteria | • Age: 21–65 years. • Salaried/Self-Employed: Annual income ≥ ₹3,60,000. • CIBIL Score: 720+. |
| Fees & Charges | • Joining: ₹499 + GST (2,000 welcome reward points worth ₹500 on ₹1,000 spend in 60 days). • Annual Fee: ₹499 + GST (Waived on spending ₹50,000/year). |
4. IndianOil HDFC Bank Credit Card (5.00% Value Back)
Allows you to earn “Fuel Points” across IndianOil bunks while tapping into HDFC’s extensive merchant ecosystem.
| Parameter | Details |
| Fuel Benefits | • 5% value back as Fuel Points (up to 250 points/month for first 6 months, 150 points/month thereafter) on IOCL fuel spends. • 1% fuel surcharge waiver (min ₹400 spend, capped at ₹250/cycle). |
| Other Perks | • 5% fuel points on Grocery & Bill payments (up to 100 points/month each). • 1 Fuel Point = ₹0.96 when redeemed against IOCL fuel via IndianOil XTRAREWARDS. |
| Eligibility Criteria | • Age: 21–60 years. • Salaried: Gross income > ₹12,000/month; Self-employed: ITR > ₹6,00,000/year. • Minimum CIBIL Score: 720+. |
| Fees & Charges | • Joining: ₹500 + GST. • Annual Fee: ₹500 + GST (Waived on spending ₹50,000 in a year). |
5. ICICI Bank HPCL Super Saver Credit Card (5.00% Value Back)
A versatile option combining 4% cashback on HPCL transactions with surcharge relief and supplemental utility bill rewards.
| Parameter | Details |
| Fuel Benefits | • 4% cashback on fuel purchases at HPCL retail outlets. • Additional 1.5% reward points when transacting through the HP Pay app. • 1% fuel surcharge waiver on all HPCL pumps. |
| Other Perks | • 5% reward points on Utility bills, Grocery, and Departmental stores. • 25% discount on BookMyShow and INOX (up to ₹100 twice a month). |
| Eligibility Criteria | • Age: 21–65 years. • Salaried: Net income ≥ ₹25,000/month; Self-employed: ITR ≥ ₹3,00,000/year. • CIBIL Score: 730+. |
| Fees & Charges | • Joining: ₹500 + GST (2,000 reward points + ₹100 HP Pay wallet balance as welcome gift). • Annual Fee: ₹500 + GST (Waived on spending ₹1,50,000/year). |
6. BPCL SBI Card – Standard (4.25% Value Back)
The budget version of the Octane card, ideal for moderate fuel consumers who prefer lower annual fee commitments.
| Parameter | Details |
| Fuel Benefits | • 3.25% value back (13 reward points per ₹100 spent) on BPCL fuel purchases. • 1% fuel surcharge waiver up to ₹4,000 per transaction (max ₹100/month). • Maximum accelerated points: 1,300 per month. |
| Other Perks | • 5x points on Groceries, Dining, Movies, and Departmental store spends. • 1 reward point per ₹100 on all other non-fuel expenses. |
| Eligibility Criteria | • Age: 21–65 years. • Salaried: Net monthly income ≥ ₹20,000; Self-employed: Annual ITR ≥ ₹3,00,000. • CIBIL Score: 700+. |
| Fees & Charges | • Joining: ₹499 + GST (2,000 activation bonus points worth ₹500). • Annual Fee: ₹499 + GST (Waived on spending ₹50,000/year). |
7. IndianOil Kotak Credit Card (4.00% Value Back)
Kotak’s co-branded option with IOCL, featuring a low qualification threshold and an accessible fee waiver target.
| Parameter | Details |
| Fuel Benefits | • 4% value back (earn up to 1,200 reward points per billing cycle on IOCL fuel). • 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000. |
| Other Perks | • 2% reward points on Dining and Groceries. • 0.5% reward points on all other eligible retail expenses. |
| Eligibility Criteria | • Age: 21–65 years. • Salaried or Self-Employed: Annual income ≥ ₹3,00,000. • CIBIL Score: 720+. |
| Fees & Charges | • Joining: ₹449 + GST (1,000 reward points on spending ₹500 in the first 30 days). • Annual Fee: ₹449 + GST (Waived on spending ₹50,000 annually). |
Frequently Asked Questions (FAQs)
Q1. Does the 1% fuel surcharge waiver mean fuel is discounted by 1%?
No. The 1% surcharge is an extra merchant fee banks charge for fuel swipes. The waiver removes this added cost; your core savings come from the card’s reward points or cashback.
Q2. Can I get fuel reward points at any petrol pump?
No. Co-branded fuel cards require you to refuel at partner outlets (e.g., BPCL for SBI Octane, IOCL for Axis IndianOil) and swipe on the partner bank’s POS machine to trigger accelerated reward rates.
Q3. What is the typical monthly cap on fuel savings?
Most entry-level fuel cards cap accelerated rewards at ₹150 to ₹250 per month, whereas premium cards like the BPCL SBI Octane allow redemptions up to ₹625 per month.
Q4. How are fuel reward points redeemed?
Points can be redeemed directly at partner pumps through POS terminals, credited as statement cashback, or loaded into partner digital wallets (such as BPCL UFill or HP Pay).
Q5. Do diesel purchases earn the same rewards as petrol?
Yes. Co-branded fuel cards categorize both petrol and diesel identically under fuel merchant codes.
Q6. Are EV charging transactions covered by these fuel cards?
Most legacy fuel credit cards do not classify third-party EV charging stations under their accelerated reward tiers unless the charging point is directly managed by the co-branded partner (such as BPCL or HPCL charging hubs).
Q7. What happens if I refuel outside my card’s co-branded network?
You will typically receive only standard base rewards (0.25% to 0.50%) and will not qualify for the accelerated reward rates.
Disclaimer: The credit card details, reward rates, fee structures, and eligibility criteria mentioned above are for informational purposes only and are subject to change at the discretion of the issuing banks and oil marketing companies. Please review the official terms, conditions, and schedule of charges on the respective bank’s website before applying.
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