{"id":471038,"date":"2022-02-25T10:42:01","date_gmt":"2022-02-25T05:12:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=471038"},"modified":"2022-02-25T11:44:16","modified_gmt":"2022-02-25T06:14:16","slug":"crude-at-100-a-barrel-what-it-means-for-the-indian-consumer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-at-100-a-barrel-what-it-means-for-the-indian-consumer\/","title":{"rendered":"Crude at $100 a barrel: What it means for the Indian consumer"},"content":{"rendered":"<p>Fuel prices, propelled by inflation, international politics and related policies are likely to get costlier as Brent crude hit a high note on Thursday. <\/p>\n<p>After weeks of speculation over escalating tensions between Ukraine and Russia\u2014that subsequently led to the oscillation of oil prices\u2014the price of Brent crude hit $100 per barrel as Russia started its &#8216;military operation&#8217; in Ukraine. This is a seven-year high.<\/p>\n<p>Crude and related products account for over 9 per cent of the Wholesale Price Index, due to which a spike in Brent crude prices will worsen inflation in India. Subsequently, prices of LPG, CNG and even electricity may see a spike as Russia accounts for around 17 per cent of the global natural gas production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fuel prices, propelled by inflation, international politics and related policies are likely to get costlier as Brent crude hit a high note on Thursday. After weeks of speculation over escalating tensions between Ukraine and Russia\u2014that subsequently led to the oscillation of oil prices\u2014the price of Brent crude hit $100 per barrel as Russia started its &#8216;military operation&#8217; in Ukraine. This is a seven-year high. Crude and related products account for over 9 per cent of the Wholesale Price Index, due to which a spike in Brent crude prices will worsen inflation in India. Subsequently, prices of LPG, CNG and even [&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":[146,130,177],"tags":[],"class_list":["post-471038","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471038","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=471038"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/471038\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=471038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=471038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=471038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}