{"id":472202,"date":"2022-03-02T11:05:48","date_gmt":"2022-03-02T05:35:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=472202"},"modified":"2022-03-02T12:35:06","modified_gmt":"2022-03-02T07:05:06","slug":"brace-for-higher-fuel-prices-inflation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brace-for-higher-fuel-prices-inflation\/","title":{"rendered":"Brace for higher fuel prices, inflation"},"content":{"rendered":"<p>The Russian military action against Ukraine has sent international crude oil prices soaring, and the volatility in prices has added to the uncertainty and anxiety. Last week, the prices went beyond the multi-year high of $100 per barrel which is also a psychological level. They remain around the $100 level but are expected to go up, possibly as high as $115\/barrel. Even the present levels would make matters difficult for countries like India because Russia accounts for about 10% of global crude supplies. It is also a big supplier of natural gas to Europe. Supply problems and the resulting price hikes can hit all economies that have also been weakened by the Covid pandemic. Recovery will become much more difficult.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Russian military action against Ukraine has sent international crude oil prices soaring, and the volatility in prices has added to the uncertainty and anxiety. Last week, the prices went beyond the multi-year high of $100 per barrel which is also a psychological level. They remain around the $100 level but are expected to go up, possibly as high as $115\/barrel. Even the present levels would make matters difficult for countries like India because Russia accounts for about 10% of global crude supplies. It is also a big supplier of natural gas to Europe. Supply problems and the resulting price [&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-472202","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\/472202","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=472202"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/472202\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=472202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=472202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=472202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}