Indian oil stocks decline after New Delhi announces a hike in fuel export taxes
Indian oil shares fall after New Delhi announces a rise in the export tax on fuel. Shares of Reliance Industries, owned by Asia’s richest man Mukesh Ambani, fell as high as 8.7% in response to the news. Oil & Natural Gas Corporation, another major refiner, plunged as much as 10%. Reliance Industries, one of the … Read more