{"id":359244,"date":"2020-06-25T11:24:43","date_gmt":"2020-06-25T05:54:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359244"},"modified":"2020-06-25T11:24:43","modified_gmt":"2020-06-25T05:54:43","slug":"petrol-diesel-prices-may-rise-further-ioc-says-demand-recovery-faster-than-anticipated","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petrol-diesel-prices-may-rise-further-ioc-says-demand-recovery-faster-than-anticipated\/","title":{"rendered":"Petrol, diesel prices may rise further; IOC says demand recovery faster than anticipated"},"content":{"rendered":"<p>NEW DELHI : Indian Oil Corporation Ltd (IOC), the country\u2019s largest fuel retailer on Wednesday said that transportation fuel prices may continue to go up due to international crude oil prices being on an upswing.<\/p>\n<p>IOC, also the country\u2019s largest refiner said that demand recovery has been faster than anticipated, and its capacity utilization, which had shrunk to around 35% at the beginning of the coronavirus lockdown is expected to run at full capacity by June end.<\/p>\n<p>The Indian economy is attempting a gradual return to normal after the lockdown. India\u2019s power and overall energy demand, which had nosedived, is also slowly returning to its pre-lockdown levels. Consumption of energy\u2014especially electricity and refinery products\u2014is typically linked to overall demand in an economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Indian Oil Corporation Ltd (IOC), the country\u2019s largest fuel retailer on Wednesday said that transportation fuel prices may continue to go up due to international crude oil prices being on an upswing. IOC, also the country\u2019s largest refiner said that demand recovery has been faster than anticipated, and its capacity utilization, which had shrunk to around 35% at the beginning of the coronavirus lockdown is expected to run at full capacity by June end. The Indian economy is attempting a gradual return to normal after the lockdown. India\u2019s power and overall energy demand, which had nosedived, is [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-359244","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359244","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359244"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359244\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}