Hey.

Here is a list of a few top colleges for Petroleum engineering in India.

Indian Institute of Technology (IIT), Mumbai

IIT (ISM) Dhanbad - Indian Institute of Technology (Indian School of Mines) 

Rajiv Gandhi Institute of Petroleum Technology (RGIPT), UttarPradesh

Pandit Deendayal Petroleum University (PDPU), Gandhinagar

University of Petroleum & Energy Studies (UPES), Dehradun

Global Institute of Engineering and Technology, Vellore

Dibrugarh University Institute of Engineering and Technology (DUIET)

Bhagwant University: Institute of Engineering and Technology, Ajmer

Best of luck

Dear Loknath,

Petroleum Management programme is a two year full time programme leading to MBA, internship included. The course is designed in a way that it appeals to students interested in both energy sector and infrastructure sector, while rest can emphasize in functional area of management, like finance, marketing, operations, human resource management.
Scope after the course is, candidates can become project managers. Top Recruiters include Indian oil Corporation Ltd, Bharat Petroleum Corporation Ltd., Larsen and Turbo Ltd., Infraline Energy Research and Information Services,

Good Luck!