{"id":350901,"date":"2020-05-12T12:15:07","date_gmt":"2020-05-12T06:45:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350901"},"modified":"2020-05-12T12:15:07","modified_gmt":"2020-05-12T06:45:07","slug":"oil-marketing-companies-capex-spending-may-fall-by-a-third","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-marketing-companies-capex-spending-may-fall-by-a-third\/","title":{"rendered":"Oil Marketing Companies capex spending may fall by a third"},"content":{"rendered":"<p>NEW DELHI: The impact of the Covid-19 lockdown on petroleum demand is set to substantially dent the earnings of Oil Marketing Companies (OMC) and may result in capital expenditure being slashed by nearly a third this financial year.<\/p>\n<p>According to global ratings firm Fitch Ratings, the standalone credit profiles of India\u2019s State-run OMCs are at \u201cgreater risk of downward revision due to the coronavirus-induced drop in demand and refining margins, and their continued investments\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The impact of the Covid-19 lockdown on petroleum demand is set to substantially dent the earnings of Oil Marketing Companies (OMC) and may result in capital expenditure being slashed by nearly a third this financial year. According to global ratings firm Fitch Ratings, the standalone credit profiles of India\u2019s State-run OMCs are at \u201cgreater risk of downward revision due to the coronavirus-induced drop in demand and refining margins, and their continued investments\u201d.<\/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-350901","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\/350901","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=350901"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350901\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}