No proposal to merge state-run oil and gas entities: Minister

Last Updated: Tue, Jul 09, 2019 11:14 hrs
India's Oil Minister Dharmendra Pradhan speaks at a road show organised by the Directorate General of Hydrocarbon in Mumbai

New Delhi: The Central government has no plans under consideration for merging public sector oil and gas companies to create an integrated firm having the strength to compete with international and domestic private majors, Parliament was told on Monday.

"At present, there is no proposal to merge state-run oil and gas entities, under consideration of the Ministry," Petroleum and Natural Gas Minister Dharmendra Pradhan told the Lok Sabha in a written reply.

The minister said: "Six oil and gas public sector undertakings under the ministry are in the S&P Global Platts: Top 250 Global energy Company Rankings -- 2018, out of which four Oil & Gas PSUs namely, Indian Oil Corporation Ltd, Oil & Natural Gas Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd are in top 100."

Last year, ONGC acquired 51.11 per cent of total paid up equity shareholding in HPCL.

"Post-acquisition by ONGC, HPCL will continue to be a central government Public Sector Enterprise (PSE), having become a subsidiary of ONGC. It will maintain its cultural uniqueness and brand identity," the minister said.


State Capitals (Applicable from 6:00 a.m. on 09-07-2019) Petrol Current Price(Per Lt) Petrol Previous Price(Per Lt) Change(Rs)
Petrol price in DelhiRs.72.96 Rs.72.96 0.00
Petrol price in KolkataRs.75.15 Rs.75.15 0.00
Petrol price in MumbaiRs.78.57 Rs.78.57 0.00
Petrol price in ChennaiRs.75.76 Rs.75.76 0.00
Petrol price in FaridabadRs.73.01 Rs.73.01 0.00
Petrol price in GurgaonRs.72.79 Rs.72.79 0.00
Petrol price in NoidaRs.72.12 Rs.72.31 -0.19
Petrol price in GhaziabadRs.72.07 Rs.72.14 -0.07
Petrol price in AgartalaRs.73.48 Rs.73.34 0.14
Petrol price in AizwalRs.69.45 Rs.69.45 0.00
Petrol price in AmbalaRs.72.44 Rs.72.54 -0.10
Petrol price in BangaloreRs.75.37 Rs.75.37 0.00
Petrol price in BhopalRs.78.10 Rs.78.10 0.00
Petrol price in BhubhaneswarRs.71.99 Rs.71.82 0.17
Petrol price in ChandigarhRs.68.92 Rs.68.92 0.00
Petrol price in DehradunRs.72.62 Rs.72.62 0.00
Petrol price in GandhinagarRs.70.49 Rs.70.40 0.09
Petrol price in GangtokRs.76.60 Rs.76.60 0.00
Petrol price in GuwahatiRs.72.95 Rs.72.84 0.11
Petrol price in HyderabadRs.77.48 Rs.77.48 0.00
Petrol price in ImphalRs.69.28 Rs.69.28 0.00
Petrol price in ItanagarRs.66.79 Rs.66.79 0.00
Petrol price in JaipurRs.75.77 Rs.75.69 0.08
Petrol price in JammuRs.74.36 Rs.74.36 0.00
Petrol price in JalandharRs.72.75 Rs.72.74 0.01
Petrol price in KohimaRs.71.70 Rs.71.70 0.00
Petrol price in LucknowRs.72.11 Rs.72.16 -0.05
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Petrol price in PatnaRs.76.97 Rs.76.97 0.00
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Petrol price in SilvassaRs.71.20 Rs.71.21 -0.01
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Petrol price in PondicherryRs.72.08 Rs.72.08 0.00