Wednesday 16 October 2019
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business-standard - 7 days ago

Centre trying to surreptitiously sell BPCL: Congress

The Congress on Wednesday accused the central government of trying to surreptitiously sell BPCL without parliamentary approval and said it also does not make any economic sense.Addressing a press conference here, Congress spokesperson Pawan Khera also accused the government of failing to manage the economy and said that instead of addressing economic slowdown, it is trying its best to ensure that there is no discussion on it.He said navratnas and the maharatna PSUs have reached their present status of profit due decades of hard work by all governments and by the employees of these companies. BPCL (Bharat Petroleum Corporation Ltd (BPCL) is a living example. It is a profit-making company. They have four refineries, they have 14,800 petrol pumps, they have 123 petrol depots, they have 52 LPG plants, 5,607 LPG distributors, 56 aviation service centres, and you want to sell it for Rs. 68,000 crore, Khera said.Comparing it to the sale of Essar Oil, he said it had one refinery, one port .

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