Govt disappointed on state-run oil cos’ valuations by markets
Citing the low valuation given to state-owned oil marketers, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday expressed the government’s disappointment with the investor community.
The government may look at the sale of part ownership in oil companies to increase efficiency, but there is no plan to fully sell any holding right now, Puri said, making it clear that BPCL is not on the block.
