IOCL restricted their rivals to 97 for 3 and then hit the required runs in only 10 overs at Poona Club Ground.
Pujara scored 38 not out off 32 balls and Shukla blasted an unbeaten 55 in 28 balls in a team total of 99 for no loss.
In another game at the same venue, Bharat Petroleum Corporation Ltd, the tournament hosts, were beaten by five wickets by ONGC.
Group A comprises IOCL, Hindustan Petroleum Corporation Ltd (HPCL), OIL and Engineers India Ltd (EIL).
Group B includes Bharat Petroleum Corporation Ltd (BPCL), ONGC, Chennai Petroleum Corporation Ltd (CPCL) and Mangalore Refineries and Petrochemicals Ltd (MRPL).
Matches are being conducted at Poona Club and PYC Gymkhana.
Scores: OIL 97 for 3 (Sunil Ranjan Gogoi 45) lost to IOCL 99 for no loss in 10 overs (Cheteshwar Pujara 38 not out, Ravikant Shukla 55 not out).
BPCL 187 for 6 (Suryakumar Yadav 44, Abhishek Nair 34, Vinit Indulkar 33; Suhail Sharma 2 for 23) lost to ONGC 188 for 5 in 19.2 overs (Nitesh Rana 52, Tanmay Srivastava 46, Taruwar Kohli 34 not out; Kiran Adhav 2 for 16).
EIL 82 for 6 (Salman Khan 3 for 18, Shailesh Nage 2 for 4) lost to HPCL 87 for 1 in 5.1 ovrs (Hardik Tamore 54).
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