{"id":478582,"date":"2022-03-25T11:09:04","date_gmt":"2022-03-25T05:39:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=478582"},"modified":"2022-03-25T11:09:04","modified_gmt":"2022-03-25T05:39:04","slug":"omcs-may-continue-to-make-losses-ioc-bpcl-hpcl-lost-2-25-billion-due-to-fuel-price-freeze-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/omcs-may-continue-to-make-losses-ioc-bpcl-hpcl-lost-2-25-billion-due-to-fuel-price-freeze-moodys\/","title":{"rendered":"\u2018OMCs may continue to make losses\u2019; IOC, BPCL, HPCL lost $2.25 billion due to fuel price freeze: Moody\u2019s"},"content":{"rendered":"<p>State-run fuel retailers IOC, BPCL and HPCL have together lost around $2.25 billion (Rs 17,000 crore) in revenue between November and March third week by keeping petrol and diesel prices unchanged despite a sharp rise in crude oil prices, Moody\u2019s Investors Service said on Thursday.<\/p>\n<p>Auto fuel prices in India have remained unchanged since November 4, 2021, despite crude oil prices averaging around $111\/barrel (bbl) in the first three weeks of March 2022 compared to around $82\/bbl in early November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run fuel retailers IOC, BPCL and HPCL have together lost around $2.25 billion (Rs 17,000 crore) in revenue between November and March third week by keeping petrol and diesel prices unchanged despite a sharp rise in crude oil prices, Moody\u2019s Investors Service said on Thursday. Auto fuel prices in India have remained unchanged since November 4, 2021, despite crude oil prices averaging around $111\/barrel (bbl) in the first three weeks of March 2022 compared to around $82\/bbl in early November.<\/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":[130,195,138],"tags":[],"class_list":["post-478582","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478582","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=478582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/478582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=478582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=478582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=478582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}