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<!--REG30PARAB V1.0 (01-06-2026)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2026-04-30/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Para_B_Of_Part_A_Of_Schedule_III/2026-04-30/in-capmkt/in-capmkt-ent" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-types="http://www.sebi.gov.in/xbrl/2026-04-30/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.w3.org/1999/xlink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2026-04-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">532543</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="I_OthersAgreement"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/ScripCode">532543</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-08-27</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIIIAxis">in-capmkt:OthersAgreementMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context><in-capmkt:NSESymbol contextRef="MainI">GULFPETRO</in-capmkt:NSESymbol><in-capmkt:NameOfTheCompany contextRef="MainI">GP Petroleums limited</in-capmkt:NameOfTheCompany><in-capmkt:ScripCode contextRef="MainI">532543</in-capmkt:ScripCode><in-capmkt:MSEISymbol contextRef="MainI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="MainI">INE586G01017</in-capmkt:ISIN><in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">Agreements (Sub-para 5-Para B)</in-capmkt:TypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="I_OthersAgreement">Others</in-capmkt:SubTypeOfEventAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII contextRef="MainI">New</in-capmkt:TypeOfAnnouncementAsPerRegulation30ParaBOfPartAOfScheduleIII><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting contextRef="MainI">false</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfTheBoardMeeting><in-capmkt:DateOfOccurrenceOfEventOrInformation contextRef="MainI">2026-08-26</in-capmkt:DateOfOccurrenceOfEventOrInformation><in-capmkt:TimeOfOccurrenceOfEventOrInformation contextRef="MainI">17:34:00</in-capmkt:TimeOfOccurrenceOfEventOrInformation><in-capmkt:DateOfReport contextRef="MainI">2026-08-27</in-capmkt:DateOfReport><in-capmkt:TypeOfOtherAgreement contextRef="MainI">Others</in-capmkt:TypeOfOtherAgreement><in-capmkt:DetailsOfOtherTypeOfAgreement contextRef="MainI">Exclusivity Agreement</in-capmkt:DetailsOfOtherTypeOfAgreement><in-capmkt:DetailsOfOtherStageOfTheAgreement contextRef="MainI">ENTERING INTO AN EXCLUSIVITY AGREEMENT WITH INCUBIT DMCC.</in-capmkt:DetailsOfOtherStageOfTheAgreement><in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForOtherStageOfTheAgreement contextRef="MainI">2026-08-19</in-capmkt:DateOfInitialDisclosureOfTheExecutionOfTheAgreementToTheStockExchangeForOtherStageOfTheAgreement><in-capmkt:BriefSummaryOfAnyOtherDisclosureForOtherStageOfTheAgreement contextRef="MainI">The Company has, on August 26, 2026, entered into an Exclusivity Agreement with Incubit DMCC and its affiliates in connection with the Company’s evaluation of a potential strategic acquisition,  involving its various assets in India, UAE, Mauritius and East Africa.
The proposed transaction remains subject to satisfactory completion of due diligence, valuation, finalisation of definitive terms and conditions and receipt of requisite corporate, regulatory and other approvals, as may be applicable. The execution of the Exclusivity Agreement does not, by itself, constitute a commitment by the
Company to consummate or complete the proposed acquisition.</in-capmkt:BriefSummaryOfAnyOtherDisclosureForOtherStageOfTheAgreement><in-capmkt:DetailsOfReasonAndImpactForOtherStageOfTheAgreement contextRef="MainI">To provide the company an exclusive period to undertake due diligence, evaluation and negotiations for the proposed strategic acquisition, while facilitating focused discussions without creating any obligation on GPPL to consummate the transaction. Incubit DMCC forms part of the related party group by virtue of Mr. Harshavardhan Sinha’s shareholding in Incubit DMCC and Incubit Energy Singapore Pte. Ltd., which holds a 13.89% stake in the Company, and his common directorship in both the Company and
Incubit DMCC.</in-capmkt:DetailsOfReasonAndImpactForOtherStageOfTheAgreement></xbrli:xbrl>