There is a possibility of gas and petroleum reserves in Jammu and Kashmir, according to a recently published study.
Petrol prices were raised for the second day in a row on Friday. After a hike of around 14 paise, petrol is now being sold at Rs 75.85 per litre in Delhi.
Fitch Ratings on Friday said continued rise in fuel prices could impact commercial vehicle operators in the country, leading to auto loan defaults.
GST Council Member and Bihar Deputy Chief Minister Sushil Modi on Friday outright ruled out bringing petroleum products under the ambit of Goods and Services Tax (GST) in near future, citing loss of revenue both to central and state governments.
The government today ruled out any immediate reduction in excise duty to cushion relentless rise in international oil prices that have sent retail diesel rates in India to record high and petrol to four-year high.
Legal Metrology Department today fined two LPG distributors for overcharging on the refill cooking gas cylinders.