{"id":483872,"date":"2022-04-12T10:52:55","date_gmt":"2022-04-12T05:22:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483872"},"modified":"2022-04-12T10:52:55","modified_gmt":"2022-04-12T05:22:55","slug":"fuel-price-hike-news-respite-in-sight-as-crude-slides","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-price-hike-news-respite-in-sight-as-crude-slides\/","title":{"rendered":"Fuel price hike news: Respite in sight as crude slides"},"content":{"rendered":"<p>Galloping fuel prices may have hit the end of the line for the time being as global oil prices dropping below $100 per barrel has eased the pressure on fuel retailers by shrinking under-recoveries, sources told TOI.<\/p>\n<p>&#8220;There was a threshold (for increase in the prices), based on the assumption of a certain (oil) price point. Whatever had to be done has been done. At current levels of reference (crude) rates, I don&#8217;t see more hikes. At least not in a sharp upward curve. The market remains volatile and the dollar is getting stronger. Nobody knows where crude will be headed,&#8221; a senior executive of one oil marketing company familiar with the matter said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galloping fuel prices may have hit the end of the line for the time being as global oil prices dropping below $100 per barrel has eased the pressure on fuel retailers by shrinking under-recoveries, sources told TOI. &#8220;There was a threshold (for increase in the prices), based on the assumption of a certain (oil) price point. Whatever had to be done has been done. At current levels of reference (crude) rates, I don&#8217;t see more hikes. At least not in a sharp upward curve. The market remains volatile and the dollar is getting stronger. Nobody knows where crude will be [&hellip;]<\/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":[130,191,136],"tags":[],"class_list":["post-483872","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483872","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=483872"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483872\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}