{"id":356058,"date":"2020-06-08T10:27:28","date_gmt":"2020-06-08T04:57:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=356058"},"modified":"2020-06-08T10:55:16","modified_gmt":"2020-06-08T05:25:16","slug":"covid-19-crisis-unlock-1-0-to-revive-fuel-sales-soon-says-indian-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/covid-19-crisis-unlock-1-0-to-revive-fuel-sales-soon-says-indian-oil\/","title":{"rendered":"Covid-19 crisis: Unlock 1.0 to revive fuel sales soon, says Indian Oil"},"content":{"rendered":"<p>Weeks after the coronavirus lockdown led to fuel sales nosediving to record lows, Indian Oil Corp (IOC), the nation&#8217;s largest oil firm, sees demand returning with the resumption of economic activities.<\/p>\n<p>The company said though it is on track to spend the approved capital expenditure for 2020-21, it has &#8220;critically examined all capex proposals for rationalisation of cost and time frame.&#8221; &#8220;The company is also conscious of the costs and has also undertaken rationalisation measures in this direction,&#8221; it said without giving details. <\/p>\n<p>Fuel sales had dropped in April after Prime Minister Narendra Modi announced a nationwide lockdown to control the spread of Covid-19 infections. The lockdown shut factories and offices, took most vehicles off roads, stopped train movement and suspended air travel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weeks after the coronavirus lockdown led to fuel sales nosediving to record lows, Indian Oil Corp (IOC), the nation&#8217;s largest oil firm, sees demand returning with the resumption of economic activities. The company said though it is on track to spend the approved capital expenditure for 2020-21, it has &#8220;critically examined all capex proposals for rationalisation of cost and time frame.&#8221; &#8220;The company is also conscious of the costs and has also undertaken rationalisation measures in this direction,&#8221; it said without giving details. Fuel sales had dropped in April after Prime Minister Narendra Modi announced a nationwide lockdown to control [&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":[135,130,169],"tags":[],"class_list":["post-356058","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356058","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=356058"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/356058\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=356058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=356058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=356058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}