{"id":348522,"date":"2020-04-27T10:27:38","date_gmt":"2020-04-27T04:57:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348522"},"modified":"2020-04-28T11:25:54","modified_gmt":"2020-04-28T05:55:54","slug":"covid-19-may-punch-a-big-hole-in-petro-tax-tank-of-centre-states","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-may-punch-a-big-hole-in-petro-tax-tank-of-centre-states\/","title":{"rendered":"Covid-19 may punch a big hole in petro-tax tank of Centre, States"},"content":{"rendered":"<p>For India that imports about 85 per cent of the crude oil it consumes, the crash of oil prices should \u2014 in a normal world \u2014 mean good news. It can help bring down the current account deficit, inflation, oil subsidies and forex outflows. <\/p>\n<p>But in the abnormal Covid-19 times that we live in, there are big flipsides too. <\/p>\n<p>The oil price crash has been driven largely by massive demand destruction in crude and refined products such as petrol, diesel and aviation turbine fuel (ATF). <\/p>\n<p>This will slash the petro-taxes that the Centre and States collect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For India that imports about 85 per cent of the crude oil it consumes, the crash of oil prices should \u2014 in a normal world \u2014 mean good news. It can help bring down the current account deficit, inflation, oil subsidies and forex outflows. But in the abnormal Covid-19 times that we live in, there are big flipsides too. The oil price crash has been driven largely by massive demand destruction in crude and refined products such as petrol, diesel and aviation turbine fuel (ATF). This will slash the petro-taxes that the Centre and States collect.<\/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],"tags":[],"class_list":["post-348522","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348522","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=348522"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348522\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}