{"id":479318,"date":"2022-03-28T08:56:01","date_gmt":"2022-03-28T03:26:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=479318"},"modified":"2022-03-28T09:11:36","modified_gmt":"2022-03-28T03:41:36","slug":"centre-has-room-to-isolate-consumers-from-15-hike-in-crude-prices-mofsl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-has-room-to-isolate-consumers-from-15-hike-in-crude-prices-mofsl\/","title":{"rendered":"Centre has room to isolate consumers from 15% hike in crude prices: MOFSl"},"content":{"rendered":"<p>Centre has the room to isolate consumers from roughly 15 per cent hike in international crude oil prices, said Motilal Oswal Financial Services.<\/p>\n<p>According to the brokerage house&#8217;s estimates, the Centre has the financial capacity to take the hit on its own income statement without breaching the fiscal deficit targets.<\/p>\n<p>&#8220;Considering our revised crude oil prices forecasts of $80 per bbl in FY23 (from $70 per bbl earlier), if the GoI decides to take the entire burden, it would cost $12-13 billion (or 0.4 per cent of GDP) next year,&#8221; the brokerage house said in a report.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Centre has the room to isolate consumers from roughly 15 per cent hike in international crude oil prices, said Motilal Oswal Financial Services. According to the brokerage house&#8217;s estimates, the Centre has the financial capacity to take the hit on its own income statement without breaching the fiscal deficit targets. &#8220;Considering our revised crude oil prices forecasts of $80 per bbl in FY23 (from $70 per bbl earlier), if the GoI decides to take the entire burden, it would cost $12-13 billion (or 0.4 per cent of GDP) next year,&#8221; the brokerage house said in a report.<\/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":[135,130,169],"tags":[],"class_list":["post-479318","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/479318","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=479318"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/479318\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=479318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=479318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=479318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}