CBSE 12th

Both are most likely to have a big future for you. But it is better to take petroleum engineering. After all, top newspapers from around the country list petroleum engineering as one of the best majors and careers for undergraduate students. Take a look at the perks of becoming a petroleum engineer.
A surplus of job opportunities.
Sought after topic and issue of our generation.
Interact and collaborate with all types of people.
Supply the world's energy.
Excellent financial rewards with the median starting salary of $114,080 per year in 2010.
Visit exotic places and become a citizen of the world.
Turn dreams into reality.
Great balance between home and work life.

CSE always sounds good since it has Computer Science in it. But IT, on the other hand, is like Twin smaller sister of CSE. The foundation of both the streams are same and hence None is better than anything. Although if you have a choice like which should I choose, they always go for a better college since maybe after your college you want to get into a better company for placement. Again if placements matter to you or the reputation of the college matters to you, then choose the better college. Else both the things are same. Subjects are almost equal and at the end, after the end, you will eventually end up cooking software [not necessarily but most of the times] or any other thing. But yes again both are same, as foundation or core to them is same. But you can take CSE as it is a core branch.