Petrochemical industries, extraction of crude oil, automobiles, mining, oil spills, drill cuttings and other metallurgy based industries release enormous hazardous solid as well as liquid hydrocarbon containing wastes in our environment. Such pollutants (flue gas, oil sludge, refinery sludge, effluents) are detrimental to our natural resources including vast flora and fauna, microbial community and human beings. Different physical and chemical methods are conducted for the remediation and restoration of hydrocarbon-contaminated regions, yet, they aren’t eco-friendlier and cost-effective. Bioremediation technique utilizes (microbial species as bacteria, fungi, algae and also plants) in order to remove total petroleum waste hydrocarbons from water resources, soil and even air. Bio-removal of hydrocarbon waste residues is quite promising towards its sustainability, eco-friendliness, and it also stands ecologically as well as economically efficient. This paper highlights the productiveness of bioremediation and its corresponding advantages, group of diverse microflora and plants that are beneficial for absorbing hydrocarbon pollutants, rehabilitation of petrochemical polluted sites and recycled products that can be reused further.