{"id":492002,"date":"2022-05-18T10:38:44","date_gmt":"2022-05-18T05:08:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=492002"},"modified":"2022-05-18T10:38:44","modified_gmt":"2022-05-18T05:08:44","slug":"record-grms-offset-fuel-under-recoveries-for-oil-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/record-grms-offset-fuel-under-recoveries-for-oil-companies\/","title":{"rendered":"Record GRMs offset fuel under-recoveries for oil companies"},"content":{"rendered":"<p>A higher gross refining margin of over $20 per barrel is helping oil marketing companies, public and private, offset the under-recoveries &#8211; \u20b910 per litre on petrol and \u20b922-25 per litre on diesel &#8211; that they are incurring by not increasing fuel prices, executives from these companies said.<\/p>\n<p>Gross refining margin or GRM is what a company makes from turning every barrel of crude to fuel. A change of $1 per barrel in the benchmark petrol and diesel price makes an impact of 0.48 paise per litre on margin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A higher gross refining margin of over $20 per barrel is helping oil marketing companies, public and private, offset the under-recoveries &#8211; \u20b910 per litre on petrol and \u20b922-25 per litre on diesel &#8211; that they are incurring by not increasing fuel prices, executives from these companies said. Gross refining margin or GRM is what a company makes from turning every barrel of crude to fuel. A change of $1 per barrel in the benchmark petrol and diesel price makes an impact of 0.48 paise per litre on margin.<\/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-492002","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\/492002","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=492002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}