{"id":533800,"date":"2022-11-03T10:21:03","date_gmt":"2022-11-03T04:51:03","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=533800"},"modified":"2022-11-03T10:21:03","modified_gmt":"2022-11-03T04:51:03","slug":"price-cap-loses-value-as-bidders-fight-for-local-gas","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/price-cap-loses-value-as-bidders-fight-for-local-gas\/","title":{"rendered":"Price cap loses value as bidders fight for local gas"},"content":{"rendered":"<p>High global prices have steeply lifted the rates of domestic gas that enjoys pricing freedom and triggered a buyers&#8217; stampede in auctions for gas that must be sold below the government-set ceiling.<\/p>\n<p>The gas price cap appeared to have lost its purpose in a recent ONGC auction as too many bidders fought for a small volume of gas with bids far above the ceiling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High global prices have steeply lifted the rates of domestic gas that enjoys pricing freedom and triggered a buyers&#8217; stampede in auctions for gas that must be sold below the government-set ceiling. The gas price cap appeared to have lost its purpose in a recent ONGC auction as too many bidders fought for a small volume of gas with bids far above the ceiling.<\/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-533800","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\/533800","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=533800"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/533800\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=533800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=533800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=533800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}