Reports confirm that the fire has claimed at least 11 people's lives and has left over 150 people injured.
Since the authorities are waiting for the fire to burn until the fuel is completely consumed and experts say it will take a while for it to die out.
Rajasthan government has decided to give Rs 2 lakh to the next of family of those killed in the mishap and a compensation of 1 lakh for those critically injured.
Union Petroluem Minister, Murli Deora on Friday, Oct 30 announced that a high-level committee will be set up to probe into the incident. The committee will be headed by M.B. Lal, former Chairman and Managing Director, Hindustan Petroleum Corporation.
Reports suggest that the government has incurred losses up to Rs 300 crore due to the mishap.
The fire started on Thursday, Oct 29 night at around 7.30 pm. About 50,000 kilo-litres of fuel is believed to have caught on fire due to a pipeline leak at one of the tanks. The blaze is reportedly visible from a distance of 20 kilometers.