{"id":402938,"date":"2021-03-03T12:29:05","date_gmt":"2021-03-03T06:59:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=402938"},"modified":"2021-03-03T13:12:46","modified_gmt":"2021-03-03T07:42:46","slug":"indian-oil-rating-buy-retail-hikes-allay-concerns-for-company","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-rating-buy-retail-hikes-allay-concerns-for-company\/","title":{"rendered":"Indian Oil Rating: Buy \u2013 Retail hikes allay concerns for company"},"content":{"rendered":"<p>In 2020, marketing was a weak spot for state-owned oil marketing companies (OMCs). With a sharp increase in taxation, retail fuel prices were close to the peak at an oil price of just $45-50\/bbl. While OMCs did take price hikes, these were infrequent and lower than required. But, recently OMCs and the Government of India (GoI) have surprised us with price hikes.<\/p>\n<p>For petrol\/diesel, despite peak prices, OMCs raised prices for 12 consecutive days. So far in 2021, petrol\/diesel prices are up ~Rs 7.2-7.5\/L (9-10%, ~$16\/bbl). Since<\/p>\n<p>1 Jan 2020, while oil prices have stayed nearly flat, petrol\/diesel prices are up Rs 13-16\/L (20-21%, ~$29-34\/bbl), and retail subsidised LPG prices are up ~44%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020, marketing was a weak spot for state-owned oil marketing companies (OMCs). With a sharp increase in taxation, retail fuel prices were close to the peak at an oil price of just $45-50\/bbl. While OMCs did take price hikes, these were infrequent and lower than required. But, recently OMCs and the Government of India (GoI) have surprised us with price hikes. For petrol\/diesel, despite peak prices, OMCs raised prices for 12 consecutive days. So far in 2021, petrol\/diesel prices are up ~Rs 7.2-7.5\/L (9-10%, ~$16\/bbl). Since 1 Jan 2020, while oil prices have stayed nearly flat, petrol\/diesel prices are [&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":[130,195,138],"tags":[],"class_list":["post-402938","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\/402938","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=402938"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/402938\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=402938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=402938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=402938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}