{"id":413664,"date":"2021-05-05T11:14:00","date_gmt":"2021-05-05T05:44:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=413664"},"modified":"2021-05-05T12:42:48","modified_gmt":"2021-05-05T07:12:48","slug":"explained-omcs-hike-fuel-prices-after-65-days-why-more-hikes-are-likely","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/explained-omcs-hike-fuel-prices-after-65-days-why-more-hikes-are-likely\/","title":{"rendered":"Explained: OMCs hike fuel prices after 65 days; why more hikes are likely"},"content":{"rendered":"<p>Oil marketing companies hiked the price of petrol by 15 paise per litre and that of diesel by 18 paise per litre on Tuesday in the first hike in auto fuel pieces since February 27. The price of petrol is Rs 90.55 per litre and that of diesel is 80.91 in the national capital. The Indian Express examines why OMCs are hiking prices again. <\/p>\n<p>Why are fuel prices rising now? <\/p>\n<p>State-owned OMCs had halted upward price revisions at the end of February as record high petrol and diesel prices were becoming an electoral issue in states set to go to the polls. Experts noted that OMCs even absorbed negative marketing margins on petrol and diesel sales during some parts of the freeze in price hikes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil marketing companies hiked the price of petrol by 15 paise per litre and that of diesel by 18 paise per litre on Tuesday in the first hike in auto fuel pieces since February 27. The price of petrol is Rs 90.55 per litre and that of diesel is 80.91 in the national capital. The Indian Express examines why OMCs are hiking prices again. Why are fuel prices rising now? State-owned OMCs had halted upward price revisions at the end of February as record high petrol and diesel prices were becoming an electoral issue in states set to go to [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-413664","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413664","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=413664"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/413664\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=413664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=413664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=413664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}