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The Federation of Indian Petroleum Industry (FIPI) is an apex Society of entities in the hydrocarbon sector and acts as an industry interface with Government and regulatory authorities. It helps in resolution of issues and evolution of policies and regulations. It represents the industry on Government bodies, committees and task forces and has been submitting recommendations to the Government on behalf of the industry on various issues.

It aims to be the most effective and influential voice of the oil & gas industry to facilitate its development as a globally competitive industry in India that enjoys the respect and trust of the society. Several Government policy initiatives have their genesis in its reports and publications, some of which are quoted in documents like the Integrated Energy Policy.

All major companies operating in the oil & Gas sector in India are members of FIPI. It has a Governing Council which is represented by the top-level executives drawn from the large oil and gas companies operating in India. It has a Director General as its functional head and leadership team consisting of experts drawn from the respective functional domains. It has 13 Functional committees which cover every aspect of the oil and gas business and are represented by senior professional executives from the member companies.

FIPI organizes seminars, conferences, workshops, roundtable meetings and brings out study reports and a quarterly journal.

FIPI has tie-ups with international agencies like World Petroleum Council (WPC), World LPG Association (WLPGA) and International Energy Forum (IEF). FIPI was also instrumental in bringing CERAWeek to India.

FIPI, in association with World Petroleum Council (WPC) organises workshops and conferences on various topics of interest like Carbon Emission Management, International Cooperation & Sustainability, and Energy Storage Systems. These workshops are organised jointly with WPC and their findings are presented in a special session at the triennial World Petroleum Congress.

FIPI undertakes special studies for the benefit of its members and for bringing about the required policy interventions by the Government. Some of the studies conducted by FIPI in the recent past include 'Study on Climate Change Risks: Preparedness for Oil & Gas Sector in India', Gas Roadmap Vision 2030, Viability Assessment of LNG as a fuel for long distance transportation in India, and Future of Oil for Transportation and its impact on Refineries: Scenario 2030 and Beyond. FIPI undertakes consulting assignments independently or in partnership with consulting firms to do specific studies in the domain of oil and gas in association with international agencies like World Bank, British High Commission and OPEC Fund for International Development (OFID).

FIPI, under the aegis of the Ministry of Petroleum and Natural Gas, Government of India provides support in organising Petrotech – an International Oil and Gas Conference and Exhibition which is the largest Petroleum Industry biennial event in South-East Asia.

FIPI participates in international conferences and exhibitions and is open to collaborate and forge alliances with international bodies and associations to promote the oil and gas industry and to serve the interests of its members.