Cabinet to decide on 49% FDI in PSU refineriesBS Reporter / New Delhi November 05, 2007The petroleum ministry has moved the cabinet for raising the cap on foreign direct investment (FDI) in government-owned refineries to 49% from the current limit of 26%. "The cabinet is likely to take up the issue next week," petroleum secretary M S Srinivasan said.The government has allowed 100% FDI in private sector refineries.The move follows steel baron L N Mittal
