{"id":444466,"date":"2021-10-23T08:58:09","date_gmt":"2021-10-23T03:28:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=444466"},"modified":"2021-10-23T09:33:48","modified_gmt":"2021-10-23T04:03:48","slug":"lioc-hikes-fuel-prices-by-rs-5-per-litre-as-global-oil-prices-go-up","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lioc-hikes-fuel-prices-by-rs-5-per-litre-as-global-oil-prices-go-up\/","title":{"rendered":"LIOC hikes fuel prices by Rs 5 per litre as global oil prices go up"},"content":{"rendered":"<p>Lanka IOC (LIOC), the subsidiary of Indian Oil Corporation in Sri Lanka, has hiked the retail prices of both petrol and diesel by Rs 5 per litre in the wake of the rising global oil prices.<\/p>\n<p>The hike came into effect from Thursday midnight, the company said. Accordingly, a litre of petrol now costs Rs 162 and diesel Rs 116.<\/p>\n<p>The hike came days after the LIOC urged the government to allow them to increase the prices, although it has no obligation to ask the government in determining their retail prices.<\/p>\n<p>LIOC Managing Director Manoj Gupta said last week though the retail price determination is at the company&#8217;s discretion, it is consulting the Sri Lankan government due to the prevailing condition in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lanka IOC (LIOC), the subsidiary of Indian Oil Corporation in Sri Lanka, has hiked the retail prices of both petrol and diesel by Rs 5 per litre in the wake of the rising global oil prices. The hike came into effect from Thursday midnight, the company said. Accordingly, a litre of petrol now costs Rs 162 and diesel Rs 116. The hike came days after the LIOC urged the government to allow them to increase the prices, although it has no obligation to ask the government in determining their retail prices. LIOC Managing Director Manoj Gupta said last week though [&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-444466","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\/444466","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=444466"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/444466\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=444466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=444466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=444466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}