Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%. 

Indian Oil would own 50 per cent equity holding in the joint venture company, while BPCL and HPCL would have 25 per cent each

Share Market Live: While Sensex fell 184 points to 40,083 with 15 components in the red, Nifty lost 66 points to 12,021.

At present, to obtain a fuel retailing license in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or liquefied natural gas (LNG) terminals

Major reasons for an increase in the overall debt include higher capital expenditure and a delay in the subsidy payments by the government

Share Market Updates: Shedding gains of the trading session Wednesday, benchmark indices closed in the red. Other major indices gave up all intraday gains to turn negative in trade as well.

Moody's says all petroleum products in India are now sold at prices linked to international or regional market rates, which has opened up the fuel retail market.

State-run oil marketing companies (OMC) - Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum revise petrol and diesel prices on a daily basis.

While price of petrol was cut by 48 to 50 paise, diesel became cheaper by 19 to 20 paise. Petrol price was cut by 48 paise to Rs 72.15 per litre in Delhi. Diesel in the city too has become cheaper by 19 paise to Rs 66.28. Similarly, petrol was selling at Rs 77.75 per litre, 48 paise down from Friday's Rs 78.23 price in the country's financial capital Mumbai.

While price of petrol was cut by 48 to 50 paise, diesel became cheaper by 19 to 20 paise. Petrol price was cut by 48 paise to Rs 72.15 per litre in Delhi. Diesel in the city too has become cheaper by 19 paise to Rs 66.28. Similarly, petrol was selling at Rs 77.75 per litre, 48 paise down from Friday's Rs 78.23 price in the country's financial capital Mumbai.

While price of petrol was cut by 48 to 50 paise, diesel became cheaper by 19 to 20 paise. Petrol price was cut by 48 paise to Rs 72.15 per litre in Delhi. Diesel in the city too has become cheaper by 19 paise to Rs 66.28. Similarly, petrol was selling at Rs 77.75 per litre, 48 paise down from Friday's Rs 78.23 price in the country's financial capital Mumbai.

In Noida, petrol price was cut from Rs 71.90 to Rs 71.52 per litre while diesel became 17 paise cheaper and was retailing at Rs 65.25 per litre.

 Indian equity market extended losses for the seventh consecutive session on Thursday led by decline in Power, Pharma, Energy indices. Escalated trade tensions between China and the US also prompted investors to remain cautious throughout the trading session.

The United States introduced sanctions in November but gave a six-month waiver to eight nations, including India, which allowed them to import some Iranian oil

Since March 11, petrol prices have gone up by less than 1%, while global oil prices went up by close to $5 per barrel. But Indian consumers are in for a painful price surge as domestic prices realign with global prices post the Lok Sabha polls