The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Rajya Sabha in a written reply today that at present there is no proposal before the Government to merge the Public Sector Oil Marketing Companies (viz. IOCL, BPCL and HPCL).
The prices of petrol and diesel have been decontrolled with effect from 26.6.2010 and 19.10.2014 respectively to increase competition and ensure better service to customers. Public Sector Oil Marketing Companies (OMCs) take appropriate decision with respect to pricing of all deregulated products. The Government continues to modulate the prices of PDS kerosene and Subsidized Domestic LPG and their basic prices have not been increased since 25.6.2011 resulting in under recovery to OMCs.
RC/Rk
The prices of petrol and diesel have been decontrolled with effect from 26.6.2010 and 19.10.2014 respectively to increase competition and ensure better service to customers. Public Sector Oil Marketing Companies (OMCs) take appropriate decision with respect to pricing of all deregulated products. The Government continues to modulate the prices of PDS kerosene and Subsidized Domestic LPG and their basic prices have not been increased since 25.6.2011 resulting in under recovery to OMCs.
RC/Rk
