{"id":292077,"date":"2019-09-17T06:15:29","date_gmt":"2019-09-17T06:15:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292077"},"modified":"2019-09-17T06:15:29","modified_gmt":"2019-09-17T06:15:29","slug":"saudi-oil-attack-petrol-diesel-rates-may-increase-by-rs-5-6","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-oil-attack-petrol-diesel-rates-may-increase-by-rs-5-6\/","title":{"rendered":"Saudi oil attack: Petrol, diesel rates may increase by Rs 5-6"},"content":{"rendered":"<p>MUMBAI: With global crude oil prices rising due to heightened geopolitical risks after Saturday\u2019s drone strike at Saudi Arabia\u2019s oil facilities, Indian consumers can expect a Rs 5-6 rise in petrol and diesel prices for every $10-per-barrel rise in global crude prices. Such an increase could be effected by oil marketing companies (OMCs), like Indian Oil, BPCL &amp; HPCL, with a lag of a fortnight, a report by Kotak Institutional Equities warned.<br \/>\nIn reaction to Saturday\u2019s strike at world\u2019s largest oil producer, in early trade on Monday, Brent crude price shot up by nearly 20% to over $71 per barrel, while WTI crude on the New York Mercantile Exchange rose nearly 20% and touched $63.3. However, later in the day the prices of the two types of crude gave up some of their early gains. In the evening, Brent was trading at $66.6 and WTI at $60.5, both up by over $6 per barrel from their respective Friday close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: With global crude oil prices rising due to heightened geopolitical risks after Saturday\u2019s drone strike at Saudi Arabia\u2019s oil facilities, Indian consumers can expect a Rs 5-6 rise in petrol and diesel prices for every $10-per-barrel rise in global crude prices. Such an increase could be effected by oil marketing companies (OMCs), like Indian Oil, BPCL &amp; HPCL, with a lag of a fortnight, a report by Kotak Institutional Equities warned. In reaction to Saturday\u2019s strike at world\u2019s largest oil producer, in early trade on Monday, Brent crude price shot up by nearly 20% to over $71 per barrel, [&hellip;]<\/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":[130,219,137],"tags":[],"class_list":["post-292077","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292077","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=292077"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292077\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}