Post-stake sale, BPCL’s LPG business to be in new SBU; new owner to take call after 3 yrs

NEW DELHI: Privatisation-bound Bharat Petroleum Corporation Ltd’s (BPCL NSE 0.64 %) new owner will after three years of takeover get a right to decide on retaining the business of selling subsidised LPG, which in the intervening period will be transferred into a new unit to continue the flow of government subsidy, a top official said.

Government subsidy will continue to be given to BPCL customers if the new owner chooses to retain the business after three years, the official said.