{"id":389414,"date":"2020-12-14T12:33:46","date_gmt":"2020-12-14T07:03:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=389414"},"modified":"2020-12-14T12:33:46","modified_gmt":"2020-12-14T07:03:46","slug":"govt-math-on-petrol-diesel-prices-to-decide-inflation-fiscal-stability-excise-duty-gamechanger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-math-on-petrol-diesel-prices-to-decide-inflation-fiscal-stability-excise-duty-gamechanger\/","title":{"rendered":"Govt math on petrol, diesel prices to decide inflation, fiscal stability; excise duty gamechanger"},"content":{"rendered":"<p>The government has a tough choice on whether to keep petrol, diesels prices high or low, as in either case, the retail fuel prices will hurt the economy in their own ways. While high fuel prices may earn more revenue for the government, it can also lead to a rise in headline inflation. Similarly, the low fuel prices can keep the inflation under check but it can hit the Centre\u2019s revenue.<\/p>\n<p>Faced with plunging revenues in the initial weeks of the coronavirus pandemic, the central government had used the collapse in global crude oil prices to raise excise duty on fuel. However, rising oil prices are feeding into already-elevated inflation now. Consequently, the government is faced with a new domestic trade-off between fiscal stability and sticky inflation, said a report by Barclays.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has a tough choice on whether to keep petrol, diesels prices high or low, as in either case, the retail fuel prices will hurt the economy in their own ways. While high fuel prices may earn more revenue for the government, it can also lead to a rise in headline inflation. Similarly, the low fuel prices can keep the inflation under check but it can hit the Centre\u2019s revenue. Faced with plunging revenues in the initial weeks of the coronavirus pandemic, the central government had used the collapse in global crude oil prices to raise excise duty on [&hellip;]<\/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":[130,195,138],"tags":[],"class_list":["post-389414","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389414","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=389414"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/389414\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=389414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=389414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=389414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}