‘We are undervalued’: Govt disappointed with state-run oil firms’ valuations; considers partial ownership sale

Union Minister Hardeep Singh Puri voiced disappointment regarding the low valuation of state-owned oil marketing companies, despite their significant profits. He suggested considering partial ownership sales to boost efficiency, though no immediate plans exist, clarifying BPCL is not on the block. Puri highlighted OMCs’ autonomy and strong dividend returns, dismissing ethanol blending concerns.