{"id":289274,"date":"2019-08-29T05:42:30","date_gmt":"2019-08-29T05:42:30","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=289274"},"modified":"2019-08-29T05:42:30","modified_gmt":"2019-08-29T05:42:30","slug":"why-fuel-prices-are-high-despite-a-decline-in-crude-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/why-fuel-prices-are-high-despite-a-decline-in-crude-prices\/","title":{"rendered":"Why fuel prices are high despite a decline in crude prices?"},"content":{"rendered":"<p>Higher gasoline cracks and an increase in fuel duties have resulted in petrol prices remaining high despite a sharp fall in crude prices beginning July.<\/p>\n<p>The price of Brent crude has fallen 10.57% since 1 July, while petrol price in Mumbai rose 2.45% in the same period, according to Bloomberg data. In August alone, crude prices fell 8.68%, while petrol prices declined a mere 0.95%.<\/p>\n<p>The primary reason is the improvement in gasoline cracks from their lowest level of $2 per barrel in January to $11 in August, according to Yogesh Patil, senior research analyst at Reliance Securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher gasoline cracks and an increase in fuel duties have resulted in petrol prices remaining high despite a sharp fall in crude prices beginning July. The price of Brent crude has fallen 10.57% since 1 July, while petrol price in Mumbai rose 2.45% in the same period, according to Bloomberg data. In August alone, crude prices fell 8.68%, while petrol prices declined a mere 0.95%. The primary reason is the improvement in gasoline cracks from their lowest level of $2 per barrel in January to $11 in August, according to Yogesh Patil, senior research analyst at Reliance Securities.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-289274","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289274","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=289274"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/289274\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=289274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=289274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=289274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}