Fuel Retailers Take A Hit After India’s Steep Hike In Taxes
A pump nozzle dispenses fuel into a vehicle. (Photographer: Luke Sharrett/Bloomberg)

Fuel Retailers Take A Hit After India’s Steep Hike In Taxes

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Shares of India’s three listed fuel retailers fell after the government raised taxes to shore up its revenue amid the new coronavirus pandemic.Indian Oil Corporation Ltd., Bharat Petroleum Corporat...