The government has decided to disinvest 10 per cent of equity in Oil India Limited, OIL, through offer for sale route.The decision was taken at a meeting of the Empowered Group of Ministers, EGoM, headed by Finance Minister P Chidambaram in New Delhi Wednesday afternoon.The disinvestment which will take place on Friday is likely to fetch the government exchequer upto Rs. 3,000 crore.Briefing reporters after the meeting, Petroleum Minister M Veerappa Moily said price of shares has been communicated to stock exchanges.OIL's paid up capital was Rs. 601 crore as on March 2012.The government holds 78.43 per cent stake in the company which would come down to 68.43 per cent after disinvestment.