Till now retail prices of petrol and diesel have remained unchanged, with oil companies and the government absorbing the shock. But there are limits to their ability to soak up the losses
Indian shares opened higher on Thursday, extending gains from the previous session and tracking a global rally spurred by falling oil prices on expectations of a potential U.S.-Iran peace deal. The Nifty 50 rose 0.28% to 24,398.50 as of 9:15 a.m.…