{"id":471004,"date":"2022-02-25T11:42:10","date_gmt":"2022-02-25T06:12:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471004"},"modified":"2022-02-25T11:42:10","modified_gmt":"2022-02-25T06:12:10","slug":"crude-surge-likely-to-upset-govt-math-fuel-inflation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-surge-likely-to-upset-govt-math-fuel-inflation\/","title":{"rendered":"Crude surge likely to upset govt math, fuel inflation"},"content":{"rendered":"<p>NEW DELHI: The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people.<br \/>\nGlobal benchmark Brent crude spiked to $105 a barrel &#8212; breaching the $100-mark for the first time since August 14, 2014 &#8212; on Thursday as Russian troops entered Ukraine, heightening fears of supply disruption in a market already struggling to meet rising demand.<br \/>\nOil prices have risen more than $20 a barrel since the start of 2022. The mix of crude bought by India, otherwise known as the \u2018Indian Basket\u2019, too has topped $97\/barrel and will hit a century in a few days if Brent hovers at the current level.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people. Global benchmark Brent crude spiked to $105 a barrel &#8212; breaching the $100-mark for the first time since August 14, 2014 &#8212; on Thursday as Russian troops entered Ukraine, heightening fears of supply disruption in a market already struggling to meet rising demand. Oil prices have risen more than $20 a barrel since the start of 2022. The mix of crude bought [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-471004","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471004","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=471004"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471004\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}