{"id":309854,"date":"2020-01-10T11:51:26","date_gmt":"2020-01-10T06:21:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309854"},"modified":"2020-01-10T12:02:03","modified_gmt":"2020-01-10T06:32:03","slug":"no-duty-cuts-to-soften-fuel-spike-oil-minister-dharmendra-pradhan-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-duty-cuts-to-soften-fuel-spike-oil-minister-dharmendra-pradhan-2\/","title":{"rendered":"No duty cuts to soften fuel spike: Oil Minister Dharmendra Pradhan"},"content":{"rendered":"<p>NEW DELHI: The government has ruled out an immediate cut in taxes on petrol and diesel to soften the impact of the geo-political tensions, which have triggered a spike in global crude oil prices.<\/p>\n<p>Brent prices crossed the $71-a-barrel mark early Wednesday morning after Iran launched a missile attack, but softened later in the day. Since last year, Brent prices have jumped nearly 15% and were trading around $68 a barrel.<\/p>\n<p>Over the past year, the increase in pump prices of diesel and petrol has been around 10%. &#8220;There is no need to panic,&#8221; said a high-ranking government source, adding that prices had softened a little after a spike due to Qassem Suleimani&#8217;s killing last week but rose again after Iran fired missiles at American bases in Iraq on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The government has ruled out an immediate cut in taxes on petrol and diesel to soften the impact of the geo-political tensions, which have triggered a spike in global crude oil prices. Brent prices crossed the $71-a-barrel mark early Wednesday morning after Iran launched a missile attack, but softened later in the day. Since last year, Brent prices have jumped nearly 15% and were trading around $68 a barrel. Over the past year, the increase in pump prices of diesel and petrol has been around 10%. &#8220;There is no need to panic,&#8221; said a high-ranking government source, adding [&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-309854","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\/309854","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=309854"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309854\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}