Centre puts oil pipeline monetisation on hold as PSUs resist: Report

According to a report, the oil and gas companies had resisted the idea from the beginning as pipelines are core to their business

Convincing the petroleum ministry by stating the plan as an expensive way to raise capital, state gas utility GAIL, Hindustan Petroleum, and Indian Oil Corporation may not go ahead with pipeline monetisation, a media report said on Wednesday.

According to the Economic Times report, the government expected the companies to transfer some of their pipelines to separate infrastructure investment trusts (InvITs) and sell minority stakes in those to raise Rs 17,000 crore.

The oil companies have told the government that their high credit ratings, among the best in the country, will allow them to raise capital easily and at a much lower