{"id":483299,"date":"2022-04-08T10:56:32","date_gmt":"2022-04-08T05:26:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483299"},"modified":"2022-04-08T10:56:32","modified_gmt":"2022-04-08T05:26:32","slug":"government-exploring-options-to-get-affordable-crude-says-finance-ministry","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-exploring-options-to-get-affordable-crude-says-finance-ministry\/","title":{"rendered":"Government exploring options to get affordable crude, says finance ministry"},"content":{"rendered":"<p>NEW DELHI : The government is exploring all viable options, including import diversification, to procure crude at an affordable price, a finance ministry report said on Thursday. It added that the present level of global crude oil price, should it persist for long, may come in the way of India achieving a real economic growth rate north of 8% for FY23.<br \/>\nThe Brent crude price, which forms the bulk of the Indian crude oil basket, has hovered at $105-106 per barrel since April 1, after having risen above $135 in the first\/second week of March from around $95 just before the crisis, it said. The report said that in future, elevated prices of energy &amp; other commodities and supply side disruptions due to the Russia-Ukraine conflict pose a challenge to the growth trajectory. They also pose upside risks to inflation. The magnitude of the impact would depend on the persistence of high prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : The government is exploring all viable options, including import diversification, to procure crude at an affordable price, a finance ministry report said on Thursday. It added that the present level of global crude oil price, should it persist for long, may come in the way of India achieving a real economic growth rate north of 8% for FY23. The Brent crude price, which forms the bulk of the Indian crude oil basket, has hovered at $105-106 per barrel since April 1, after having risen above $135 in the first\/second week of March from around $95 just before [&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-483299","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\/483299","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=483299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}