{"id":378122,"date":"2020-10-13T12:07:43","date_gmt":"2020-10-13T06:37:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=378122"},"modified":"2020-10-13T12:07:43","modified_gmt":"2020-10-13T06:37:43","slug":"ongc-sees-up-to-rs7000-cr-loss","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-sees-up-to-rs7000-cr-loss\/","title":{"rendered":"ONGC sees up to Rs7,000-cr loss"},"content":{"rendered":"<p>India\u2019s top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low.<\/p>\n<p>The government-mandated rates are way below the cost of production of $3.5-3.7 per million British thermal unit, ONGC Director (Finance) Subhash Kumar said. Every dollar reduction in gas price leads to a revenue loss of about Rs 5,200 crore and a Rs 3,500 crore on profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s top oil and gas producer ONGC on Friday said it is losing Rs 6,000-7,000 crore on natural gas business after the government-mandated rates for the fuel dropped to a decade low. The government-mandated rates are way below the cost of production of $3.5-3.7 per million British thermal unit, ONGC Director (Finance) Subhash Kumar said. Every dollar reduction in gas price leads to a revenue loss of about Rs 5,200 crore and a Rs 3,500 crore on profit.<\/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":[130,223,150],"tags":[],"class_list":["post-378122","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-tribune","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378122","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=378122"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/378122\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=378122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=378122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=378122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}