In view of the government to generate Rs 1.05 lakh crore liquidity in 2019-20 fiscal, the disinvestment plan of Bharat Petroleum Corporation (BPCL) by the government has led to a problem for those who have been given the task to execute the deal. Though the officials are confident that BPCL has attractiveness to garner proceeds at a healthy premium for the government exchequer, they are less so when it comes to the deal being completed before fixed time schedule that is March 31, 2020 and so it is counted in 2019-20 divestment proceeds.

Union Cabinet cleared the sale of the government’s entire 53.29 per cent stake in BPCL last week. The plan excludes BPCL’s 61.65 per cent stake in the Numaligarh refinery. Government officials and industry experts are confident that the Centre's stake in BPCL can be sold at a premium of 20-30%.