The staged deregulation of diesel, the biggest offering petroleum item in the nation, could see a realignment in organizations of Oil and Natural Gas Corporation (ONGC), Mangalore Refinery and Petrochemicals Ltd (MRPL) and Shell India - three organizations that hold authorisations to set up retail fuel outlets. ONGC is in chats with Shell India, the main outside player in India's fuel retailing space, for a conceivable tie-up with itself or MRPL, its backup in the retail portion that additionally has an enrolled brand.

ONGC and Shell are additionally taking a gander at a cooperation in profound water investigation and creation. The arrangement is being talked about by various groups of the two organizations, yet when it really happens, it could be the second such tie-up between an Indian organization and a multinational oil major.

MRPL, a backup of ONGC, runs a modest bunch of outlets at present. At the point when fuel retailing was opened up in 2002, all the three - Shell, ONGC and MRPL - had got authorisations from the administration.

The progressing talks amongst ONGC and Shell cover the whole esteem chain of oil and gas business - upstream, midstream and downstream, including refinery and advertising. ONGC was taking a gander at all conceivable models of cooperation with Shell on retailing. It could mean a tie-up amongst Shell and either MRPL or ONGC