{"id":443456,"date":"2021-10-20T09:05:12","date_gmt":"2021-10-20T03:35:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=443456"},"modified":"2021-10-20T10:27:35","modified_gmt":"2021-10-20T04:57:35","slug":"as-fuel-prices-spike-india-plans-refiners-joint-deals-to-cut-import-bill","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-fuel-prices-spike-india-plans-refiners-joint-deals-to-cut-import-bill\/","title":{"rendered":"As fuel prices spike, India plans refiners&#8217; joint deals to cut import bill"},"content":{"rendered":"<p>India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices.<\/p>\n<p>The world&#8217;s third largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it from Middle East producers.<\/p>\n<p>Initially the group of refiners will meet once in a fortnight and exchange ideas on crude purchases.<\/p>\n<p>&#8220;The companies can form joint strategies and they can even go for joint negotiations wherever possible,&#8221; Kapoor, the top bureaucrat in the petroleum ministry, told Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is forming a group that brings together state-run and private refiners to seek better crude import deals, oil secretary Tarun Kapoor said on Tuesday, as the country grapples with soaring oil prices. The world&#8217;s third largest oil importer and consumer, India depends on imports for about 85% of its crude and buys most of it from Middle East producers. Initially the group of refiners will meet once in a fortnight and exchange ideas on crude purchases. &#8220;The companies can form joint strategies and they can even go for joint negotiations wherever possible,&#8221; Kapoor, the top bureaucrat in the petroleum [&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":[135,130,169],"tags":[],"class_list":["post-443456","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443456","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=443456"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/443456\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=443456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=443456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=443456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}