{"id":281033,"date":"2019-07-09T05:46:15","date_gmt":"2019-07-09T05:46:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281033"},"modified":"2019-07-09T05:46:15","modified_gmt":"2019-07-09T05:46:15","slug":"analyst-corner-fuel-subsidy-unchanged-amid-steady-crude-oil-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/analyst-corner-fuel-subsidy-unchanged-amid-steady-crude-oil-price\/","title":{"rendered":"Analyst corner: Fuel subsidy unchanged amid steady crude oil price"},"content":{"rendered":"<p>The government\u2019s elevated disinvestment target along with the proposal to create more headroom for divestment in non-financial PSUs may act as a technical overhang on the stocks; it may also inhibit divestment of cross-holdings by other PSUs. The government has increased excise duties on auto fuels by `2\/litre, which have been passed on to end-consumers by the OMCs. The subsidy provision in the budget remains unchanged amid steady crude price environment.<\/p>\n<p>The government\u2019s proposal to include shareholding of the other government-controlled entities in its own calculation of requisite promoter stake of 51%, provides it significantly higher headroom for disinvestments in energy PSUs going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government\u2019s elevated disinvestment target along with the proposal to create more headroom for divestment in non-financial PSUs may act as a technical overhang on the stocks; it may also inhibit divestment of cross-holdings by other PSUs. The government has increased excise duties on auto fuels by `2\/litre, which have been passed on to end-consumers by the OMCs. The subsidy provision in the budget remains unchanged amid steady crude price environment. The government\u2019s proposal to include shareholding of the other government-controlled entities in its own calculation of requisite promoter stake of 51%, provides it significantly higher headroom for disinvestments in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-281033","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281033","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281033"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281033\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}