{"id":396037,"date":"2021-01-19T10:16:07","date_gmt":"2021-01-19T04:46:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396037"},"modified":"2021-01-19T10:16:07","modified_gmt":"2021-01-19T04:46:07","slug":"hike-in-fuel-prices-due-to-lower-production-amid-covid-19-says-pradhan","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hike-in-fuel-prices-due-to-lower-production-amid-covid-19-says-pradhan\/","title":{"rendered":"Hike in fuel prices due to lower production amid Covid-19, says Pradhan"},"content":{"rendered":"<p>Stating that fuel prices had gone up because of lower production in oil-producing nations due to the COVID-19 pandemic, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday said that the lower production had caused an imbalance in demand and supply.<\/p>\n<p>&#8220;Our main challenge is, we have to import 80 per cent of crude oil of our requirement. Due to coronavirus, many oil-producing countries stopped production or reduced it. There is a pressure on fuel price due to imbalance in demand and supply,&#8221; Pradhan said while speaking to media in Betul.<\/p>\n<p>&#8220;Consumption has been increasing. India is third as far as energy consumption is concerned,&#8221; he said.<\/p>\n<p>The Union Minister asserted that the government was focusing on electric vehicles (EVs), solar energy, production of ethanol etc to become self-reliant in the energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stating that fuel prices had gone up because of lower production in oil-producing nations due to the COVID-19 pandemic, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Monday said that the lower production had caused an imbalance in demand and supply. &#8220;Our main challenge is, we have to import 80 per cent of crude oil of our requirement. Due to coronavirus, many oil-producing countries stopped production or reduced it. There is a pressure on fuel price due to imbalance in demand and supply,&#8221; Pradhan said while speaking to media in Betul. &#8220;Consumption has been increasing. India is third [&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-396037","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\/396037","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=396037"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396037\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}