{"id":493272,"date":"2022-05-24T10:53:26","date_gmt":"2022-05-24T05:23:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=493272"},"modified":"2022-05-24T10:53:26","modified_gmt":"2022-05-24T05:23:26","slug":"petrol-under-recovery-at-rs-13-diesel-rs-24-reliance-bp-says-operations-unsustainable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petrol-under-recovery-at-rs-13-diesel-rs-24-reliance-bp-says-operations-unsustainable\/","title":{"rendered":"Petrol under-recovery at Rs 13, diesel Rs 24; Reliance-BP says operations unsustainable"},"content":{"rendered":"<p>NEW DELHI: The joint venture of Reliance Industries Ltd and supermajor BP &#8211; has told the government that fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and diesel prices at rates way below the cost, sources said.<br \/>\nDespite a surge in oil prices, state-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) first froze petrol and diesel rates for a record 137 days beginning early November 2021 when five states including Uttar Pradesh went to the polls, and last month again went into a hiatus that is now 47 days old.<br \/>\n&#8220;They (Reliance BP Mobility Ltd) has written to the petroleum ministry over the fuel pricing issue,&#8221; a highly placed source in the government, who didn&#8217;t want to be quoted, told reporters here.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The joint venture of Reliance Industries Ltd and supermajor BP &#8211; has told the government that fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and diesel prices at rates way below the cost, sources said. Despite a surge in oil prices, state-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) first froze petrol and diesel rates for a record 137 days beginning early November 2021 when five states including Uttar Pradesh went to the polls, and last month again went [&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-493272","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\/493272","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=493272"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/493272\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=493272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=493272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=493272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}