Government to decide on re-initiating BPCL sale after reviewing situation in due course: FM Sitharaman
The government will decide on re-initiating the process of BPCL strategic sale based on a review of the situation in due course, Parliament was informed on Monday.
In a written reply to the Lok Sabha, Minister of State for Finance Bhagwat Kishanrao Karad said the Covid pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry.
“Government of India has decided to call off the present EoI process for strategic disinvestment of BPCL. The decision on re-initiation of the strategic disinvestment process of BPCL depends on the review of the situation in due course,” Karad said.
