Oil held above $122 a barrel Thursday in Asia after dropping more than $2 overnight on worries about declining demand in the U.S. and abroad. In its weekly inventory report, the U.S. Energy Department’s Energy Information Administration said American demand for gasoline dipped 1.4 percent over the last four weeks. India announced increases that, for example, would boost gasoline prices... 

At Kolkata:: The West Bengal government revised the sales tax rates to provide fuel at the following comparatively lower rates. petrol up by Rs.5 to Rs.52.20 diesel up by Rs.3 to Rs.35.81 lpg up by Rs.50 to Rs.350/cylinder Nationwide :: inflation up 0.5% Other related effects :: custom rate surges to 2.5 from 7.5 %. in WB a 12 hour strike scheduled. In this crucial period of time...