{"id":501966,"date":"2022-06-30T12:35:21","date_gmt":"2022-06-30T07:05:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=501966"},"modified":"2022-06-30T12:35:21","modified_gmt":"2022-06-30T07:05:21","slug":"govt-provides-greater-pricing-power-to-domestic-oil-producers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-provides-greater-pricing-power-to-domestic-oil-producers\/","title":{"rendered":"Govt provides greater pricing power to domestic oil producers"},"content":{"rendered":"<p>The Cabinet Committee on Economic Affairs (CCEA) on Wednesday decided to lift the residual controls on domestic oil producers\u2019 business, by allowing them to sell their produce to anyone in the domestic market at prices not determined solely by any rigid benchmark, but on the basis of freer negotiations with the buyers.<\/p>\n<p>The move would increase pricing powers of state-run ONGC, Oil India and private player Cairn India and help them in market-determined price discovery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cabinet Committee on Economic Affairs (CCEA) on Wednesday decided to lift the residual controls on domestic oil producers\u2019 business, by allowing them to sell their produce to anyone in the domestic market at prices not determined solely by any rigid benchmark, but on the basis of freer negotiations with the buyers. The move would increase pricing powers of state-run ONGC, Oil India and private player Cairn India and help them in market-determined price discovery.<\/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":[130,195,138],"tags":[],"class_list":["post-501966","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501966","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=501966"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501966\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}