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Finance Ministry objects to BPCL divestment to IOC

Updated : September 06, 2019 02:17 PM IST

If IOC acquires BPCL, it will lead to IOC becoming a monopoly: Sources
There are 64,624 fuel retail outlets in India of which 57,944 are owned by IOC, HPCL and BPCL alone
The plan is to monetise government investments in PSUs and bring in capital for technology upgradation
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