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Cabinet note issued for 100% FDI in oil PSUs marked for disinvestment.

BPCL divestment path: Cabinet to take up 100% FDI plan for PSU refiners The move, initially proposed by the Petroleum Ministry, will be placed before the Cabinet by the Department of Promotion of Industry and Internal Trade (DPIIT). The divestment of the Centre’s 53 per cent stake in BPCL is a key part of the former’s disinvestment target of Rs 1.75 lakh crore for F...

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US oil prices plunged, falling below $0 Monday to $-37.63 a barrel. That's the lowest level since NYMEX opened oil futures trading in 1983.

Premarket stocks: WTI crashes below $0 a barrel -- a record low The spectacular collapse in oil markets is showing no signs of easing, as the coronavirus crisis saps demand and producers run out of places to store all their excess barrels of crude.

Selling FUEL in loose is prohibited...!!!

Cops to crack down on dealers selling fuel in cans | Nashik News - Times of India Nashik: The Nashik police have decided to step up action against petrol pump dealers selling fuel in cans or bottles.

Anyone have networth of Rs.250 Crore can start your own fuel distribution company - Petrol Pumps

By March end BPCL will be sold..!!!

Air India, Bharat Petroleum Corporation to be sold by March, says FM Nirmala Sitharaman | News - Times of India Videos Air India, Bharat Petroleum Corporation to be sold by March, says FM Nirmala Sitharaman. Finance minister Nirmala Sitharaman said on Saturday that the government is looking to wrap up the sale of state-run airline Air India and oil refiner and marketer Bharat Petroleum Corporation (BPCL) by March. ....

HPCL and BPCL may divest this year.

Strategic disinvestment of both HPCL, BPCL this year? ONGC is looking to sell HPCL, the expensive buy that had put an end to its debt-free status.

https://m.economictimes.com/industry/energy/oil-gas/saudi-aramco-interested-in-buying-governments-stake-in-bpcl/articleshow/71595724.cms

Saudi Aramco interested in buying government's stake in BPCL The Indian government is looking at selling its 53.29 per cent stake in BPCL to a strategic investor.

BPCL and HPCL are available for sale..!!!

ONGC free to sell stake in HPCL: Dharmendra Pradhan In its most expensive acquisition ever, Oil and Natural Gas Corp (ONGC) last year paid Rs 36,915 crore to buy government's entire 51.11 per cent stake in Hindustan Petroleum Corp Ltd (HPCL).