PSU Watch logo

| SJVN power stations clock highest-ever monthly power generation |   | Massive rise reported in the total borrowings of NHAI |   | NMDC registers best ever July performance in current FY |   | Commercial coal mine auction: Tranche II winning bids lower than Tranche I lowest bid |   | Indian Bank, IIT Bombay join hands to fund startups, MSMEs |  

The image showing 'Indian Oil sold to Adani Gas' is fake

PSU Watch on its WhatsApp group has received an image with readers' query on whether Indian Oil has been or is being sold to Adani? We verified the claim and found it fake

The image showing 'Indian Oil sold to Adani Gas' is fake
The image showing 'Indian Oil sold to Adani Gas' is fake

New Delhi: Well you may call it the curse of the internet or social media age; fake news spread farther, faster, deeper and more broadly than the truth. Here is a picture showing an Indian Oil-Adani Gas fuel station is viral on social media with false captions claiming that the Bharatiya Janata Party-led central government has sold the public sector oil and gas company Indian Oil Corporation Ltd to Adani Group of Industries. The truth is that the claim being made by the social media handle that has already gone viral is absolutely false that Indian Oil-Adani Gas Private Limited (IOAGPL) is a joint venture company of Indian Oil Corporation and Adani Gas Ltd incorporated in 2013. Also, IOAGPL supplies piped natural gas to cities and not petrol or diesel as mentioned in the viral claim.

The image of the fuelling station is viral in the backdrop of soaring fuel prices in India. While petrol prices had touched Rs 89 per litre in Delhi on Wednesday, the fuel was sold for Rs 96 a litre in Mumbai. A caption with the image translates to 'Blind followers, see Indian Oil has been sold out'.

Andhbhakt dekh lo Indian oil bik Gaya ????????????

Posted by White Politics on Monday, February 15, 2021


(Hindi: Andhbhakt dekh lo Indian oil bik Gaya) View the post below and check the archives here and here.

The image has also been tweeted by the national convener of Congress party's social media department Saral Patel with a Hindi caption insinuating that Indian Oil has been sold to Adani Group of Companies. Patel's tweet reads 'This is us. This is our country. And the country is being sold every day'. (Hindi: Ye hum hai. "Ye humara desh hai. Aur yahan har din desh ki bikri ho rahi hai"

 

Indian Oil-Adani Gas Pvt Ltd or IOAGPL is a joint venture formed to supply natural gas through a network of underground pipelines across the country. The About Us section of IOAGPL states that it is a 'joint venture company of Indian Oil Corporation Limited (IOC) – a Maharatna Company of Government of India and Adani Gas Ltd. (AGL), a leading city gas distribution company and part of Adani Group'. The company says its mission is to develop natural gas distribution networks in various Indian cities to provide natural gas to customers in industrial, commercial, domestic and transport sectors.

Indian Oil Corporation Ltd (IOCL) has entered into joint ventures with several other private parties. The list of JV partner companies on IOCL's official website lists Adani Gas Ltd.

(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)