{"id":492488,"date":"2022-05-19T10:45:10","date_gmt":"2022-05-19T05:15:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=492488"},"modified":"2022-05-19T12:18:04","modified_gmt":"2022-05-19T06:48:04","slug":"indias-april-fuel-intake-dips-on-rising-crude-prices-to-reverse-in-may","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indias-april-fuel-intake-dips-on-rising-crude-prices-to-reverse-in-may\/","title":{"rendered":"India&#8217;s April fuel intake dips on rising crude prices, to reverse in May"},"content":{"rendered":"<p>India&#8217;s sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, said S&amp;P Global Commodity Insights. <\/p>\n<p>However, analysts said the trend could get reversed in May.<\/p>\n<p>&#8220;Middle distillates will account for more than half of 2022 growth, partly due to a slow recovery last year. But there are still risks of downward adjustments as the Russian-Ukraine conflict continues to evolve and the worry of a global or regional economic recession has been growing,&#8221; said Lim Jit Yang, an advisor for oil markets at S&amp;P Global Commodity Insights.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG demand, said S&amp;P Global Commodity Insights. However, analysts said the trend could get reversed in May. &#8220;Middle distillates will account for more than half of 2022 growth, partly due to a slow recovery last year. But there are still risks of downward adjustments as the Russian-Ukraine conflict continues to evolve and the worry of a global or regional economic recession [&hellip;]<\/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":[146,130,177],"tags":[],"class_list":["post-492488","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492488","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=492488"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/492488\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=492488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=492488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=492488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}