{"id":406467,"date":"2021-03-23T10:58:49","date_gmt":"2021-03-23T05:28:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406467"},"modified":"2021-03-23T10:58:49","modified_gmt":"2021-03-23T05:28:49","slug":"indias-crude-imports-fall-in-feb-as-demand-slows-new-virus-wave-looms","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-crude-imports-fall-in-feb-as-demand-slows-new-virus-wave-looms\/","title":{"rendered":"India&#8217;s crude imports fall in Feb as demand slows, new virus wave looms"},"content":{"rendered":"<p>India&#8217;s crude oil imports fell by the most in four months in February, government data showed on Monday, as demand slowed due to rising fuel prices and as the country faces a resurgence in COVID-19 cases and potentially fresh restrictions.<\/p>\n<p>India&#8217;s crude oil imports in February fell 18.3% from a year earlier to 15.24 million tonnes, the biggest year-on-year fall since October 2020, data from the Petroleum Planning and Analysis Cell (PPAC) showed.<\/p>\n<p>India&#8217;s Feb crude imports decline at the fastest y-o-y rate<\/p>\n<p>&#8220;India is depending on its reserves for the time being and waiting for rally in oil prices to cool off,&#8221; said Amit Sajeja, a vice president at Motilal Oswal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s crude oil imports fell by the most in four months in February, government data showed on Monday, as demand slowed due to rising fuel prices and as the country faces a resurgence in COVID-19 cases and potentially fresh restrictions. India&#8217;s crude oil imports in February fell 18.3% from a year earlier to 15.24 million tonnes, the biggest year-on-year fall since October 2020, data from the Petroleum Planning and Analysis Cell (PPAC) showed. India&#8217;s Feb crude imports decline at the fastest y-o-y rate &#8220;India is depending on its reserves for the time being and waiting for rally in oil prices [&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-406467","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\/406467","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=406467"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406467\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}