{"id":539192,"date":"2022-11-29T11:44:52","date_gmt":"2022-11-29T06:14:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=539192"},"modified":"2022-11-29T11:44:52","modified_gmt":"2022-11-29T06:14:52","slug":"fuel-price-cut-hopes-rise-as-oil-sinks-to-lowest-since-january","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-price-cut-hopes-rise-as-oil-sinks-to-lowest-since-january\/","title":{"rendered":"Fuel price cut hopes rise as oil sinks to lowest since January"},"content":{"rendered":"<p>NEW DELHI: Benchmark Brent crude fell to its lowest since January on Monday, brightening the scope for a reduction in fuel prices as protests in China over tough Covid restrictions and the impending G-7 price cap on Russian oil from December 5 clouded demand outlook.<\/p>\n<p>Brent slipped $2.6\/barrel, or more than 3%, to $80.97. A lurking apprehension over another production cut by the Opec+ grouping of oil exporters, including Russia, contributed to the sharp fall. The grouping is scheduled to meet on December 4 on the current production limits.<\/p>\n<p>Brent has been losing steam for three consecutive weeks now. As a result, the cost of \u2018Indian Basket\u2019 \u2013 or the mix of crude bought by Indian refiners \u2013 has dropped to $82\/barrel from an average of $112.8 in March.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Benchmark Brent crude fell to its lowest since January on Monday, brightening the scope for a reduction in fuel prices as protests in China over tough Covid restrictions and the impending G-7 price cap on Russian oil from December 5 clouded demand outlook. Brent slipped $2.6\/barrel, or more than 3%, to $80.97. A lurking apprehension over another production cut by the Opec+ grouping of oil exporters, including Russia, contributed to the sharp fall. The grouping is scheduled to meet on December 4 on the current production limits. Brent has been losing steam for three consecutive weeks now. As [&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-539192","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\/539192","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=539192"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/539192\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=539192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=539192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=539192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}