{"id":401814,"date":"2021-02-24T11:18:06","date_gmt":"2021-02-24T05:48:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401814"},"modified":"2021-02-24T11:18:06","modified_gmt":"2021-02-24T05:48:06","slug":"cutting-oil-taxes-will-boost-consumption-demand-support-eco-revival-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cutting-oil-taxes-will-boost-consumption-demand-support-eco-revival-report\/","title":{"rendered":"Cutting oil taxes will boost consumption demand, support eco revival: Report"},"content":{"rendered":"<p>Warning that a 10 per cent spike in oil prices can push up retail inflation by 23 basis points, badly hurting consumption at a time when the economy is just about recovering, a brokerage report has called for slashing oil taxes to nurture fledgeling consumption growth.<\/p>\n<p>Petrol, which has a tax incidence of 60 per cent of the MRP, has crossed Rs 100 a litre in many parts of the country, while diesel, which has taxes to the tune of 54 per cent of the retail price, has crossed Rs 90.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warning that a 10 per cent spike in oil prices can push up retail inflation by 23 basis points, badly hurting consumption at a time when the economy is just about recovering, a brokerage report has called for slashing oil taxes to nurture fledgeling consumption growth. Petrol, which has a tax incidence of 60 per cent of the MRP, has crossed Rs 100 a litre in many parts of the country, while diesel, which has taxes to the tune of 54 per cent of the retail price, has crossed Rs 90.<\/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-401814","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\/401814","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=401814"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401814\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}