{"id":306165,"date":"2019-12-18T12:08:10","date_gmt":"2019-12-18T06:38:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306165"},"modified":"2019-12-18T12:19:02","modified_gmt":"2019-12-18T06:49:02","slug":"refiners-seek-govt-nod-to-raise-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/refiners-seek-govt-nod-to-raise-prices\/","title":{"rendered":"Refiners seek govt nod to raise prices"},"content":{"rendered":"<p>Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilities to produce less polluting Bharat Stage-VI fuel.<\/p>\n<p>Refiners will need to recover an additional 80 paise a litre on petrol and Rs 1.45 a litre on diesel for five years for a decent return on their investments, according to industry executives.<\/p>\n<p>State-run refiners, including Indian Oil CorporationNSE -0.04 %, Bharat Petroleum CorporationNSE -1.01 %, Hindustan Petroleum CorporationNSE -0.59 % and Mangalore Refinery and Petrochemicals, have together spent about Rs 35,000 crore in upgrading their units for BS VI-compliant fuels, to meet the official target of supplying less polluting fuel across the country from April 1, 2020. Private refiners too have also spent heavily on this.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Refiners are seeking government support for their plan to raise consumer prices to recover heavy investments they have made in upgrading their facilities to produce less polluting Bharat Stage-VI fuel. Refiners will need to recover an additional 80 paise a litre on petrol and Rs 1.45 a litre on diesel for five years for a decent return on their investments, according to industry executives. State-run refiners, including Indian Oil CorporationNSE -0.04 %, Bharat Petroleum CorporationNSE -1.01 %, Hindustan Petroleum CorporationNSE -0.59 % and Mangalore Refinery and Petrochemicals, have together spent about Rs 35,000 crore in upgrading their units for BS [&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":[130,191,136],"tags":[],"class_list":["post-306165","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306165","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=306165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}