No plan to merge oil PSUs: Pradhan

Oil Minister Dharmendra Pradhan on Monday said there is no proposal, at present, for the merger of state-owned oil and gas entities under consideration of his Ministry. While state-owned Oil and Natural Gas Corporation (ONGC) had last year acquired government stake in Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) were both keen on acquiring gas utility GAIL India Ltd. He had in February last year, told the Rajya Sabha that IOC and BPCL had indicated their interest in taking over GAIL to add natural gas to their oil refining and marketing business.