The Centre on August 8, 2022, told Parliament that it will decide on re-initiating the process of Bharat Petroleum Corporation Limited (NSEI:BPCL) strategic sale based on a review of the situation in due course. Minister of state for finance Bhagwat Kishanrao Karad said the pandemic, energy transition issues and geo-political conditions affected several industries globally, particularly the oil and gas industry. “A majority of Qualified Interested Parties have expressed inability to continue in the current process of disinvestment of BPCL,” Karad said.