Transformer oil is essential for the functioning of transformers, converting alternating current to direct current while providing insulation. Different types of transformer oils include paraffin-based, silicone-based, bio-based, and naphtha-based, and they are critical in applications such as distribution and power transformers. Powerlink Oil Refinery Ltd. in New Delhi is highlighted as a leading supplier of transformer oil in India, approved by various electric utilities and the Bureau of Indian Standards.