{"id":400414,"date":"2021-02-15T11:19:49","date_gmt":"2021-02-15T05:49:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=400414"},"modified":"2021-02-15T11:19:49","modified_gmt":"2021-02-15T05:49:49","slug":"dharmendra-pradhan-blames-artificial-price-mechanism-by-oil-producing-nations-for-fuel-price-hike","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dharmendra-pradhan-blames-artificial-price-mechanism-by-oil-producing-nations-for-fuel-price-hike\/","title":{"rendered":"Dharmendra Pradhan blames artificial price mechanism by oil producing nations for fuel price hike"},"content":{"rendered":"<p>Kochi: Facing flak from opposition parties over rising fuel prices, Oil NSE 0.95 % Minister Dharmendra Pradhan on Saturday blamed the artificial price mechanism created by the Oil producing nations for spiralling retail prices of petrol and diesel which have touched an all time high. Noting that India meets 80 per cent of its fuel requirement from oil producing nations, the minister said &#8220;we are facing challenges on the price&#8221; as the crude oil price was again on a rising trend.<\/p>\n<p>Pradhan, who is here to attend the inauguration of the Petrochemical Park at BPCL NSE 1.39 % Kochi Refinery by Prime Minister Narendra Modi on Sunday, said there was a total collapse in demand for petroleum across the world due to the COVID-19 lockdown and petroleum producers had to reduce production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kochi: Facing flak from opposition parties over rising fuel prices, Oil NSE 0.95 % Minister Dharmendra Pradhan on Saturday blamed the artificial price mechanism created by the Oil producing nations for spiralling retail prices of petrol and diesel which have touched an all time high. Noting that India meets 80 per cent of its fuel requirement from oil producing nations, the minister said &#8220;we are facing challenges on the price&#8221; as the crude oil price was again on a rising trend. Pradhan, who is here to attend the inauguration of the Petrochemical Park at BPCL NSE 1.39 % Kochi Refinery [&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":[130,191,136],"tags":[],"class_list":["post-400414","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400414","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=400414"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/400414\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=400414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=400414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=400414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}