{"id":476333,"date":"2022-03-17T10:50:57","date_gmt":"2022-03-17T05:20:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=476333"},"modified":"2022-03-17T10:50:57","modified_gmt":"2022-03-17T05:20:57","slug":"hoarding-on-price-hike-expectation-leads-to-surge-in-petrol-diesel-sales","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hoarding-on-price-hike-expectation-leads-to-surge-in-petrol-diesel-sales\/","title":{"rendered":"Hoarding on price hike expectation leads to surge in petrol, diesel sales"},"content":{"rendered":"<p>NEW DELHI: India&#8217;s auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections.<br \/>\nDealers, as well as the public, topped up their tanks as they anticipated prices, that have been put on hold in the run-up to the elections in states like Uttar Pradesh, will rise by a big margin to make up for as much as 60 per cent surge in the cost of raw material.<br \/>\nPetrol sales by state-owned fuel retailers, which control roughly 90 per cent of the market, at 1.23 million tonnes during March 1-15 were nearly 18 per cent higher than the same period last year and 24.4 per cent higher than the period in 2019, preliminary industry data showed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India&#8217;s auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections. Dealers, as well as the public, topped up their tanks as they anticipated prices, that have been put on hold in the run-up to the elections in states like Uttar Pradesh, will rise by a big margin to make up for as much as 60 per cent surge in the cost of raw material. Petrol sales by state-owned fuel retailers, which control roughly 90 per cent of the [&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-476333","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\/476333","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=476333"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/476333\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=476333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=476333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=476333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}