{"id":348551,"date":"2020-04-28T11:14:06","date_gmt":"2020-04-28T05:44:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=348551"},"modified":"2020-04-28T11:37:31","modified_gmt":"2020-04-28T06:07:31","slug":"oil-prices-will-rise-but-thats-good-for-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-will-rise-but-thats-good-for-india\/","title":{"rendered":"Oil prices will rise but that\u2019s good for India"},"content":{"rendered":"<p>Benchmark Brent crude is currently trading at around $20.65 a barrel (0.1364 tonnes), Indian basket was $17.66 last week. For a country like India, which imports 84 per cent of its oil needs \u2014 213.22 mt of consumption and 34.2 mt of domestic production \u2014 this must be sweet music. But how long will this honeymoon last?<\/p>\n<p>First of all, it is not a honeymoon, says Narendra Taneja, a leading energy expert in India. He says that ultra-low prices of oil are not in India\u2019s interests, because there is a flip side to it.<\/p>\n<p>Apart from affecting government\u2019s revenues (as excise duties on oil are based on value), there are other implications, notes Taneja, a National Spokesperson for the BJP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Benchmark Brent crude is currently trading at around $20.65 a barrel (0.1364 tonnes), Indian basket was $17.66 last week. For a country like India, which imports 84 per cent of its oil needs \u2014 213.22 mt of consumption and 34.2 mt of domestic production \u2014 this must be sweet music. But how long will this honeymoon last? First of all, it is not a honeymoon, says Narendra Taneja, a leading energy expert in India. He says that ultra-low prices of oil are not in India\u2019s interests, because there is a flip side to it. Apart from affecting government\u2019s revenues (as [&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],"tags":[],"class_list":["post-348551","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348551","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=348551"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/348551\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=348551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=348551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=348551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}