Harmonizing industrial development and sustainable growth prompted the Circular Economy (CE) concept. The central aspect of CE lies in the maximization of resources while mitigating pollution in a closed-loop system. This paper narrates an overview of CE strategies employed in the Indian petroleum industry. Bioenergy, Waste Recovery, Green Hydrogen, Carbon Capture, Utilisation, and Storage (CCUS) are some methods employed in the contemporary scenario for India’s net-zero emissions.