{"id":340116,"date":"2020-03-03T11:43:25","date_gmt":"2020-03-03T06:13:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340116"},"modified":"2020-03-03T11:43:25","modified_gmt":"2020-03-03T06:13:25","slug":"coronavirus-impact-ioc-other-retailers-cut-jet-fuel-prices-by-up-to-11-5","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-impact-ioc-other-retailers-cut-jet-fuel-prices-by-up-to-11-5\/","title":{"rendered":"Coronavirus impact: IOC, other retailers cut jet fuel prices by up to 11.5%"},"content":{"rendered":"<p>NEW DELHI: Domestic oil retailers have cut prices of aviation turbine fuel (ATF) by over 11% for March as global crude oil prices hover near multi-year lows in the wake of the COVID-19 outbreak, expected to hurt global economic growth.<\/p>\n<p>Indian Oil Corporation Ltd (IOC) has cut jet fuel prices in Delhi by 11.6% to \u20b956,859.01 a litre from \u20b963,449.63 for February, according to information available on the company&#8217;s website.<\/p>\n<p>Other oil retailers typically follow IOC on price revisions. Fuel accounts for as much as 40% of the expenses of domestic airlines, with ATF prices in India being among the highest in the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Domestic oil retailers have cut prices of aviation turbine fuel (ATF) by over 11% for March as global crude oil prices hover near multi-year lows in the wake of the COVID-19 outbreak, expected to hurt global economic growth. Indian Oil Corporation Ltd (IOC) has cut jet fuel prices in Delhi by 11.6% to \u20b956,859.01 a litre from \u20b963,449.63 for February, according to information available on the company&#8217;s website. Other oil retailers typically follow IOC on price revisions. Fuel accounts for as much as 40% of the expenses of domestic airlines, with ATF prices in India being among the [&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":[139,130,187],"tags":[],"class_list":["post-340116","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\/340116","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=340116"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340116\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}