{"id":527679,"date":"2022-10-07T09:47:32","date_gmt":"2022-10-07T04:17:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527679"},"modified":"2022-10-07T10:54:37","modified_gmt":"2022-10-07T05:24:37","slug":"opec-output-cut-petrol-diesel-price-freeze-in-india-just-gets-longer","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/opec-output-cut-petrol-diesel-price-freeze-in-india-just-gets-longer\/","title":{"rendered":"OPEC output cut: Petrol, diesel price freeze in India just gets longer"},"content":{"rendered":"<p>The record six-month-long freeze in petrol and diesel price revision in all likelihood will be extended after international oil prices rose on the announcement of deep production cuts by OPEC+.<\/p>\n<p>Some of the world&#8217;s top oil-producing countries on Wednesday agreed to slash production by two million barrels per day to spur recovery in oil prices that had dropped to pre-Ukraine war levels.<\/p>\n<p>For India, this is bad news as a fall in oil prices in recent weeks had helped it cut down on its import bill as well as limit losses that state-owned fuel retailers were incurring on selling petrol and diesel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The record six-month-long freeze in petrol and diesel price revision in all likelihood will be extended after international oil prices rose on the announcement of deep production cuts by OPEC+. Some of the world&#8217;s top oil-producing countries on Wednesday agreed to slash production by two million barrels per day to spur recovery in oil prices that had dropped to pre-Ukraine war levels. For India, this is bad news as a fall in oil prices in recent weeks had helped it cut down on its import bill as well as limit losses that state-owned fuel retailers were incurring on selling petrol [&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":[135,130,169],"tags":[],"class_list":["post-527679","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527679","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=527679"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527679\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}