{"id":340198,"date":"2020-03-03T12:11:00","date_gmt":"2020-03-03T06:41:00","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340198"},"modified":"2020-03-03T12:11:00","modified_gmt":"2020-03-03T06:41:00","slug":"coronavirus-impact-oil-at-50-barrel-may-cut-indias-import-bill-by-17-billion-in-fy21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-impact-oil-at-50-barrel-may-cut-indias-import-bill-by-17-billion-in-fy21\/","title":{"rendered":"Coronavirus impact: Oil at $50\/barrel may cut India\u2019s import bill by $17 billion in FY21"},"content":{"rendered":"<p>India\u2019s crude import bill may decline by a massive $17 billion or 17% year-on-year in FY21 if the Indian basket price remains subdued around the current level of $50\/barrel through the next fiscal, in what could give a big relief to the country\u2019s current account.<\/p>\n<p>The price of the Indian crude oil basket, which stood at $64 per barrel in January, dropped to $55 in February. Brent crude oil prices rose on Monday, reversing a drop to multi-year lows last week, as hopes of a deeper cut in output by Opec and central bank stimulus countered worries about damage to demand from the spread of coronavirus.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s crude import bill may decline by a massive $17 billion or 17% year-on-year in FY21 if the Indian basket price remains subdued around the current level of $50\/barrel through the next fiscal, in what could give a big relief to the country\u2019s current account. The price of the Indian crude oil basket, which stood at $64 per barrel in January, dropped to $55 in February. Brent crude oil prices rose on Monday, reversing a drop to multi-year lows last week, as hopes of a deeper cut in output by Opec and central bank stimulus countered worries about damage to [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-340198","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340198","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340198"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340198\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}