Chairman of Oil and Natural Gas corporation (ONGC) and Mangalore Refinery and Petrochemical Ltd (MRPL) R S Sharma has said a proposal to set up MRPL's refinery in Rajasthan was still under consideration. Addressing a press conference after the 21st AGM of MRPL at Bala near Surathkal last evening, he said a study was still going on about the proposal made by the Rajasthan Government. A high power committee was also set up to look into the feasibility, ways and means and suitable stakeholders for the project. Clarifying that the MRPL could not take up the project on its own, he said the high power committee is expected to meet next month to finalise on various issues pertaining to the proposed project, including the financial and technical aspects.
To a query, he said the ONGC and MRPL had got the approval for setting up 1100 and 500 retail outlets respectively in various parts of the country. However, at present this proposal was withheld following denial by the petroleum ministry to provide any subsidy. Even several oil companies, including HPC, IOC and HPL, were running their outlets with great difficulty, while, the private companies have closed their petrol bunks due to loss.
To a query, he said the ONGC and MRPL had got the approval for setting up 1100 and 500 retail outlets respectively in various parts of the country. However, at present this proposal was withheld following denial by the petroleum ministry to provide any subsidy. Even several oil companies, including HPC, IOC and HPL, were running their outlets with great difficulty, while, the private companies have closed their petrol bunks due to loss.
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