{"id":355484,"date":"2020-06-04T10:55:56","date_gmt":"2020-06-04T05:25:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=355484"},"modified":"2020-06-04T10:55:56","modified_gmt":"2020-06-04T05:25:56","slug":"current-prices-shouldnt-decide-oil-companies-economics-dharmendra-pradhan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/current-prices-shouldnt-decide-oil-companies-economics-dharmendra-pradhan\/","title":{"rendered":"Current prices shouldn&#8217;t decide oil companies&#8217; economics: Dharmendra Pradhan"},"content":{"rendered":"<p>New Delhi: The government does not regard the recent plunge in oil and gas prices as a normal market-driven fluctuation that should determine the economics of domestic producers, petroleum minister Dharmendra Pradhan said, responding to mounting concerns about viability of Indian fields as their prices are linked to global benchmarks.<\/p>\n<p>\u201cNormally prices respond to demand-supply imbalance, but the current situation is highly abnormal with unheard of low demand. The price is now moving towards normalcy. It will stabilise at $40-$45. We have to wait for that,\u201d he told ET in an interview.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The government does not regard the recent plunge in oil and gas prices as a normal market-driven fluctuation that should determine the economics of domestic producers, petroleum minister Dharmendra Pradhan said, responding to mounting concerns about viability of Indian fields as their prices are linked to global benchmarks. \u201cNormally prices respond to demand-supply imbalance, but the current situation is highly abnormal with unheard of low demand. The price is now moving towards normalcy. It will stabilise at $40-$45. We have to wait for that,\u201d he told ET in an interview.<\/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":[130,191,136],"tags":[],"class_list":["post-355484","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\/355484","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=355484"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/355484\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=355484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=355484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=355484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}