The Global No 2 Diesel Fuel Market was valued at USD 139.5 Billion in 2023 and is projected to reach USD 165.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2023–2028). This steady growth is being driven by expanding freight and logistics operations, rising industrial activity in developing regions, and a significant global shift towards Ultra-Low Sulfur Diesel (ULSD) to meet stringent environmental regulations.

As the backbone of the global transportation and industrial sectors, No 2 Diesel Fuel is critical for powering trucks, ships, generators, and heavy machinery. The market is defined by a mix of integrated oil majors, national oil companies, and specialized refiners. In this blog, we profile the Top 10 Companies in the No 2 Diesel Fuel Industry—key players who are ensuring supply security, driving technological advancements, and leading the transition to cleaner fuel standards.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: ExxonMobil Diesel Efficient™, Ultra-Low Sulfur Diesel (ULSD)

ExxonMobil is a global leader in the refining and marketing of No 2 Diesel Fuel. The company operates one of the largest refining networks in the world, producing high-quality diesel that meets the most demanding specifications for performance and environmental compliance. Their Diesel Efficient™ brand is formulated with advanced additives to improve fuel economy and reduce emissions.

Sustainability Initiatives:

• Significant investments in refinery upgrades to maximize ULSD production

• Research and development into renewable diesel and biofuel blends

• Commitment to reducing operational emissions intensity

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9️⃣ 2. Royal Dutch Shell plc

Headquarters: London, United Kingdom
Key Offering: Shell V-Power Diesel, Standard ULSD

Shell is a dominant force in the global diesel market, with an extensive retail and commercial distribution network. The company’s premium Shell V-Power Diesel is designed to actively clean and protect engine components, enhancing performance. Shell is also a major supplier of marine gas oil, a type of No 2 Diesel Fuel used in shipping.

Sustainability Initiatives:

• Expanding production of renewable diesel from sustainable feedstocks

• Development of carbon-neutral logistics solutions for customers

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8️⃣ 3. BP plc

Headquarters: London, United Kingdom
Key Offering: BP Ultimate Diesel, BP Regular Diesel

BP’s downstream operations include a major stake in the global diesel supply chain. The company’s premium BP Ultimate Diesel contains active technology designed to clean the fuel injectors and improve engine efficiency. BP supplies diesel to a vast network of retail stations and commercial clients worldwide.

Sustainability Initiatives:

• Strategic pivot towards low-carbon energy, including biofuels

• Aiming to increase bioenergy production to 100,000 barrels per day by 2030

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7️⃣ 4. Chevron Corporation

Headquarters: San Ramon, California, USA
Key Offering: Chevron Diesel, Techron® D Diesel

Chevron is a leading refiner and marketer of diesel fuel, with a strong presence particularly in the Americas and Asia-Pacific. Their Techron® D formulation is engineered to help clean fuel injectors and prevent carbon buildup. Chevron’s refining complex is optimized to produce large volumes of high-quality ULSD.

Sustainability Initiatives:

• Investment in renewable natural gas and renewable diesel projects

• Focus on producing ever-cleaner transportation fuels

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6️⃣ 5. TotalEnergies SE

Headquarters: Paris, France
Key Offering: Total Excellium Diesel, Standard Diesel

TotalEnergies is a major European refiner and a key supplier of diesel across the continent and in Africa. Their Excellium Diesel is a premium fuel that helps reduce consumption and emissions. The company has a robust logistics network ensuring reliable supply to its extensive service station network and industrial customers.

Sustainability Initiatives:

• Production of biofuels, including hydrotreated vegetable oil (HVO), a renewable diesel

• Goal to produce 5% sustainable biofuels by 2030

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5️⃣ 6. PetroChina Company Limited

Headquarters: Beijing, China
Key Offering: National Standard Diesel (GB VI), Marine Diesel Oil

As one of China’s largest petroleum companies, PetroChina plays a crucial role in meeting the massive domestic demand for diesel fuel. The company operates an extensive network of refineries and pipelines, supplying diesel for the country’s vast trucking, industrial, and agricultural sectors. It is actively upgrading its facilities to produce cleaner, higher-grade fuels.

Sustainability Initiatives:

• Major investments to comply with China’s National VI emission standards

• Research into coal-to-liquids and other alternative fuel technologies

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4️⃣ 7. Sinopec (China Petroleum & Chemical Corporation)

Headquarters: Beijing, China
Key Offering: Sinopec Diesel, Great Wall Lubricants-Compatible Diesel

Sinopec is another Chinese state-owned giant and a dominant player in the Asian diesel market. It boasts the largest refining capacity in China and operates thousands of retail fuel stations. The company is focused on producing low-sulfur diesel to support China’s environmental goals and the International Maritime Organization’s (IMO) global sulfur cap.

Sustainability Initiatives:

• Leading producer of low-sulfur marine fuel to meet IMO 2020 standards

• Pilot projects for green hydrogen and carbon capture

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3️⃣ 8. CEPSA (Compañía Española de Petróleos, S.A.U.)

Headquarters: Madrid, Spain
Key Offering: CEPSA Diesel Energy, ULSD

CEPSA is a leading Spanish energy company with a strong focus on refining and marketing. It operates two major refineries in Spain and has a significant retail presence in the Iberian Peninsula. The company’s Diesel Energy product is designed to optimize combustion and reduce fuel consumption.

Sustainability Initiatives:

• Developing the Andalusian Green Hydrogen Valley, one of Europe’s largest projects

• Investment in second-generation biofuels from organic waste

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2️⃣ 9. Petro-Canada (A Suncor Energy Business)

Headquarters: Calgary, Canada
Key Offering: Petro-Canada Supreme Diesel®, CLEANSULEX™ Ultra-Low Sulfur Diesel

Petro-Canada, a subsidiary of Suncor Energy, is a key supplier of diesel in the Canadian market. Its Supreme Diesel® is a premium product that cleans up injector deposits for better performance. The company is also a significant producer of CLEANSULEX™ Diesel, which has an ultra-low sulfur content.

Sustainability Initiatives:

• Suncor is investing in low-carbon hydrogen and renewable fuels

• Aiming for net-zero emissions by 2050

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1️⃣ 10. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Idemitsu Diesel, Apolla Diesel

Idemitsu is a major Japanese refiner and marketer of petroleum products, including No 2 Diesel Fuel. The company supplies diesel to the domestic transportation and industrial sectors through its network of service stations and commercial distributors. Idemitsu is known for its high-quality standards and rigorous refining processes.

Sustainability Initiatives:

• Active in recycling waste plastics into feedstock for refinery operations

• Exploring partnerships for sustainable aviation fuel (SAF) and biodiesel

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🌍 Outlook: The Future of No 2 Diesel Fuel is Cleaner and More Efficient

The No 2 Diesel Fuel market is in a period of strategic evolution. While it remains indispensable for global commerce, the industry is heavily investing in cleaner production processes, advanced refining technologies, and the integration of renewable components to reduce its environmental footprint.

📈 Key Trends Shaping the Market:

• Global phase-out of high-sulfur diesel in favor of ULSD, driven by environmental regulations like IMO 2020 and Euro 6

• Rapid growth in the production and adoption of renewable diesel (HVO) as a drop-in replacement

• Digitalization of the diesel supply chain for enhanced efficiency and transparency

• Increasing demand from the logistics and construction sectors in emerging economies

Get Full Report Here:
No 2 Diesel Fuel Market – View in Detailed Research Report

The companies profiled above are not only the pillars of the current global diesel supply chain—they are actively engineering the sustainable future of heavy-duty transportation and industrial power.