{"id":466919,"date":"2022-02-08T11:36:32","date_gmt":"2022-02-08T06:06:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=466919"},"modified":"2022-02-08T11:36:32","modified_gmt":"2022-02-08T06:06:32","slug":"local-fuel-prices-may-surge-once-elections-are-over","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/local-fuel-prices-may-surge-once-elections-are-over\/","title":{"rendered":"Local fuel prices may surge once elections are over"},"content":{"rendered":"<p>Oil prices traded above $93 a barrel, briefly touching $94, on Monday but domestic fuel prices remained unaffected, prompting warnings of a sharp price rise after the conclusion of elections in five states next month.<\/p>\n<p>Crude oil prices fell to $69 on December 1 from $81 per barrel on November 4 on fears Omicorn could dent oil demand but as the third wave of Covid-19 appeared to be less severe than the previous waves, prices steadily rose a third to $93. The current spiral is being fuelled by geopolitical tensions over Ukraine between Russia, one of the top three oil producers, and Western powers at a time the supply is tight due to a combination of artificial supply curbs and years of underinvestment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices traded above $93 a barrel, briefly touching $94, on Monday but domestic fuel prices remained unaffected, prompting warnings of a sharp price rise after the conclusion of elections in five states next month. Crude oil prices fell to $69 on December 1 from $81 per barrel on November 4 on fears Omicorn could dent oil demand but as the third wave of Covid-19 appeared to be less severe than the previous waves, prices steadily rose a third to $93. The current spiral is being fuelled by geopolitical tensions over Ukraine between Russia, one of the top three oil [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-466919","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466919","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=466919"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/466919\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=466919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=466919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=466919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}