{"id":467167,"date":"2022-02-09T12:02:13","date_gmt":"2022-02-09T06:32:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467167"},"modified":"2022-02-09T12:02:13","modified_gmt":"2022-02-09T06:32:13","slug":"fuel-price-rise-likely-to-resume-after-state-elections-severely-impact-inflation-india-ratings","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-price-rise-likely-to-resume-after-state-elections-severely-impact-inflation-india-ratings\/","title":{"rendered":"Fuel price rise likely to resume after state elections, severely impact inflation: India Ratings"},"content":{"rendered":"<p>\u201cIf a 1% rise in global oil price is passed through into the domestic economy, it increases retail prices by about 7 to 8 bps and wholesale prices by 13 to 14 bps. And this is just the first round effect. In the second round, impact will be much more. So net-net, whichever way you look at it, inflation would get severely impacted,\u201d says Dr Sunil Kumar Sinha, Principal Economist &amp; Director Public Finance, India Ratings &amp; Research.<\/p>\n<p>Can you give us some perspective on how crude prices are moving and the impact it could have? Will retail prices go up even from the levels where they are right now?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIf a 1% rise in global oil price is passed through into the domestic economy, it increases retail prices by about 7 to 8 bps and wholesale prices by 13 to 14 bps. And this is just the first round effect. In the second round, impact will be much more. So net-net, whichever way you look at it, inflation would get severely impacted,\u201d says Dr Sunil Kumar Sinha, Principal Economist &amp; Director Public Finance, India Ratings &amp; Research. Can you give us some perspective on how crude prices are moving and the impact it could have? Will retail prices go [&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-467167","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\/467167","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=467167"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467167\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}