Gas flared from the Numanohata SK-6D well illuminating a Japan Petroleum Exploration Co. Ltd. plant at the Yufutsu Oil and Gas Field in Tomakomai, Hokkaido. (Photographer: Haruyoshi Yamaguchi/Bloomberg News)

Budget 2019: State-Run Oil & Gas Firms Burn Rs 41,000-Crore Investor Wealth In Two Days

India’s state-run oil and gas companies lost nearly Rs 41,000 crore in market value in the last two trading days over likely sale of stake by the government, increase in taxes on retail fuels and a...

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