Petrolifera Petroleum to raise up to $50 million in offering of units
Petrolifera Petroleum Ltd. said Wednesday it has filed a preliminary short form prospectus for a financing to raise up to $50 million in an offering of units to fund exploration and reduce debt.
Petrol prices will go up by Rs.1.40 per litre, excluding taxes, from midnight Friday due to the depreciating rupee and a sharp increase in crude oil prices in global markets, the government-run oil marketing firms said Friday.