{"id":348282,"date":"2020-04-25T12:27:27","date_gmt":"2020-04-25T06:57:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348282"},"modified":"2020-04-25T12:28:33","modified_gmt":"2020-04-25T06:58:33","slug":"indian-oil-refiners-may-take-rs-25000-crore-hit-due-to-plunging-oil-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-refiners-may-take-rs-25000-crore-hit-due-to-plunging-oil-prices\/","title":{"rendered":"Indian oil refiners may take Rs 25000-crore hit due to plunging oil prices"},"content":{"rendered":"<p>NEW DELHI: The wild plunge in crude oil prices is likely to result in India&#8217;s oil marketing companies taking on inventory losses worth Rs 25000 crore for the quarter ended March 31.<\/p>\n<p>According to a Crisil Ratings analysis, the 70 per cent drop in crude oil prices over the course of the quarter had brought average crude oil prices down from $55 per barrel in February to just $20 per barrel by the end of the quarter. &#8220;This has caught refiners on the wrong foot,&#8221; noted Crisil directors Sachin Gupta and Nitesh Jain. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The wild plunge in crude oil prices is likely to result in India&#8217;s oil marketing companies taking on inventory losses worth Rs 25000 crore for the quarter ended March 31. According to a Crisil Ratings analysis, the 70 per cent drop in crude oil prices over the course of the quarter had brought average crude oil prices down from $55 per barrel in February to just $20 per barrel by the end of the quarter. &#8220;This has caught refiners on the wrong foot,&#8221; noted Crisil directors Sachin Gupta and Nitesh Jain.<\/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":[130,207,143],"tags":[],"class_list":["post-348282","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348282","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=348282"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348282\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}