India’s Nayara Energy seeks tax cut on fuel prices


India’s Nayara Energy seeks tax cut on fuel prices

* India’s Nayara Energy wants the government to cut taxes on fuel prices, its chief executive B Anand said on Friday at the BNEF energy summit in New Delhi

* Nayara Energy, owned by a consortium led by Russia’s Rosneft , is among the top three private fuel retailers in India

* In major metros across the country, almost 48% of the cost of petrol and 38% of the cost of diesel are taxes, which experts have claimed are among one of the highest in the world Read More

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