Meghna Petroleum Limited (MPL), a subsidiary of Bangladesh Petroleum Corporation (BPC) engaged in storage, distribution and marketing of petroleum products across the national terrains of Bangladesh.

MPL was registered as a private limited company on 27th December, 1977 under the company’s Act 1913 (Amended 1994). The Company took over all the physical possession of the fixed assets of the erstwhile Meghna Petroleum Marketing Company Limited (MPMCL) and Padma Petroleum Limited (PPL) on March 31, 1978 & started its business operations since then. MPMCL inherited from the world wide reputed oil company Esso Eastern Inc., USA which on the other hand is the successor of Standard Vacuum Oil Co. Ltd. Of America. Esso Eastern Inc. started its business operation in 1956 in Bangladesh. The Government acquired Esso Eastern Inc. in 1975 through Esso Acquisition Ordinance and the company was renamed as MPMCL. The other company Padma Petroleum Ltd. was the successor of Dawood Petroleum Ltd. which was established in 1968. The Government by Presidential Order No. 16 took over the ownership of the company in 1972. After formation of BPC in the year 1976, the assets and liability of the company were transferred and handed over to Bangladesh Petroleum Corporation (BPC) as per BPC ordinance on LXXXVIII. Since then Meghna Petroleum Limited has been functioning as a subsidiary of BPC. As per decision taken by the Government and BPC the company was converted into a Public Limited Company on 29th May, 2007.

The Company was enlisted with Dhaka Stock Exchange Limited (DSE) and Chittagong Stock Exchange Limited (CSE) on 14th November 2007 and 2nd December 2007 respectively with a view of off-load of 30% i.e. 1.20 Crore shares under direct listing procedure. On 14th January, 2008 the shares of the company were off-loaded in the two Capital Market.