{"id":350101,"date":"2020-05-07T10:29:51","date_gmt":"2020-05-07T04:59:51","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350101"},"modified":"2020-05-07T11:00:52","modified_gmt":"2020-05-07T05:30:52","slug":"bpcl-hpcl-ioc-tank-up-to-10-as-govt-hikes-excise-duty-on-petrol-diesel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-hpcl-ioc-tank-up-to-10-as-govt-hikes-excise-duty-on-petrol-diesel\/","title":{"rendered":"BPCL, HPCL, IOC tank up to 10% as govt hikes excise duty on petrol, diesel"},"content":{"rendered":"<p>Shares of oil marketing companies (OMC) tanked up to 10 per cent in Wednesday\u2019s trade after the government on Tuesday increased excise duty on petrol and diesel. <\/p>\n<p>Hindustan Petroleum CorporationNSE 0.00 % (HPCL) hit a lower circuit of 10 per cent at Rs 193 on BSE, while Bharat Petroleum Corporation (BPCL) was down 8.16 per cent at Rs 318.50. Indian Oil CorporationNSE -0.65 % (IOC) traded 5.71 per cent lower at Rs 74.25. <\/p>\n<p>With an objective to garner additional revenue of Rs 1.6 lakh crore, the government hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil marketing companies (OMC) tanked up to 10 per cent in Wednesday\u2019s trade after the government on Tuesday increased excise duty on petrol and diesel. Hindustan Petroleum CorporationNSE 0.00 % (HPCL) hit a lower circuit of 10 per cent at Rs 193 on BSE, while Bharat Petroleum Corporation (BPCL) was down 8.16 per cent at Rs 318.50. Indian Oil CorporationNSE -0.65 % (IOC) traded 5.71 per cent lower at Rs 74.25. With an objective to garner additional revenue of Rs 1.6 lakh crore, the government hiked excise duty by a record Rs 10 per litre on petrol and [&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":[130,191,136],"tags":[],"class_list":["post-350101","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350101","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=350101"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350101\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}