|Motto||Vidvānpraśasyate loke (Sanskrit)|
Motto in English
|Knowledge is extrolled by everyone|
|President||Paritosh K. Banik|
210 acres (0.8 km2)
Indian Institute of Petroleum and Energy (IIPE), is an institute of national importance  established in 2016, in Visakhapatnam, Andhra Pradesh. Indian Institute of Petroleum and Energy (IIPE), Visakhapatnam, a domain-specific Institute at par with IITs and IIMs, is established by the Government of India under the aegis of the Ministry of Petroleum and Natural Gas (MoPNG) in the year 2016. The Indian Institute of Petroleum and Energy Act, 2017 (No.3 of 2018) enacted by the Parliament and declared the Institute as an 'Institution of National Importance'. 
The university has been allotted 210 acres (85 ha) of land in Vangali Village, near Sabbavaram mandal, Vishakhapatnam. IIPE has collaborated with oil majors like HPCL, IOCL, ONGC, GAIL, OIL, OIDB, BPCL, and the Ministry of Industry and Commerce. The Institute presently offers 4-year B.Tech courses in Petroleum Engineering and Chemical Engineering based on JEE (Advanced) rankings and Ph.D. programmes. The curriculum of the Institute is domain specialized and in line with the needs of the industries. The faculty of the Institute are from various IITs across the country, having very high academic credentials, research base, and international exposure.
The Minister of State (I/C) for Petroleum & Natural Gas, Shri Dharmendra Pradhan launched the website of Indian Institute of Petroleum & Energy (IIPE), Visakhapatnam on 27 May 2016
The first batch of Petroleum and Chemical Engineering commenced from the first week of August 2016. As of now, the maximum intake capacity for each course is 50 seats.