{"id":271803,"date":"2019-04-29T06:16:53","date_gmt":"2019-04-29T06:16:53","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271803"},"modified":"2019-04-29T06:30:38","modified_gmt":"2019-04-29T06:30:38","slug":"oil-above-75-a-barrel-raises-concerns-over-macroeconomic-indicators","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-above-75-a-barrel-raises-concerns-over-macroeconomic-indicators\/","title":{"rendered":"Oil above $75 a barrel raises concerns over macroeconomic indicators"},"content":{"rendered":"<p>The price of Brent crude saw a 40 per cent fall in Q3 FY19, followed by a 50 per cent rise in the subsequent quarter. <\/p>\n<p>In the first month of FY20, crude oil crossed $75\/bbl, raising concerns about the import bill, fear of rise in retail prices, and putting the two deficits, current account deficit and fiscal deficit, at a potential risk. <\/p>\n<p>Chart 1 shows that oil price has been gradually rising since January 2019. However, what can be linked to the general elections, the retail prices are not rising that fast, as Chart 2 reveals. Petrol still costs Rs 73\/litre in Delhi, quite less than Rs 76-79\/litre when oil was hovering near $75\/bbl in the last two instances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Brent crude saw a 40 per cent fall in Q3 FY19, followed by a 50 per cent rise in the subsequent quarter. In the first month of FY20, crude oil crossed $75\/bbl, raising concerns about the import bill, fear of rise in retail prices, and putting the two deficits, current account deficit and fiscal deficit, at a potential risk. Chart 1 shows that oil price has been gradually rising since January 2019. However, what can be linked to the general elections, the retail prices are not rising that fast, as Chart 2 reveals. Petrol still costs Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-271803","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271803"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271803\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}