The government is considering multiple options for the sale of refiner BPCL but gave strong signals that PSU refinery behemoth Indian Oil Corporation Limited (IOC) will be kept out of the bidding process.
“Since 2014, we have a clear vision that the government has no business to be in business. We have examples of 2-3 sectors such as telecom and aviation where ushering in private participation has led to customers benefiting from price cuts, efficiency, and better service. And yesterday (on Wednesday), several reformist decisions were taken,” oil minister Dharmendra Pradhan said at a steel industry event here on Thursday.
