{"id":573147,"date":"2023-05-01T09:30:08","date_gmt":"2023-05-01T04:00:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=573147"},"modified":"2023-05-01T09:51:18","modified_gmt":"2023-05-01T04:21:18","slug":"reliance-bp-russias-nayara-begin-pricing-petrol-diesel-at-market-rates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-bp-russias-nayara-begin-pricing-petrol-diesel-at-market-rates\/","title":{"rendered":"Reliance-bp, Russia&#8217;s Nayara begin pricing petrol, diesel at market rates"},"content":{"rendered":"<p>India&#8217;s private fuel retailers &#8212; Reliance-bp and Russia&#8217;s Rosneft-backed Nayara Energy &#8212; have begun pricing petrol and diesel at market rates for the first time in over a year after a fall in global oil prices cut losses, sources said.<\/p>\n<p>Reliance BP Mobility Ltd (RBML), a joint venture between Reliance Industries Limited and UK&#8217;s bp, Nayara Energy and Shell sold petrol and diesel at huge losses as they tried to match the below-cost frozen rates of dominant public sector retailers. The losses were despite pricing fuel at slightly higher rates than state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (BPCL).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s private fuel retailers &#8212; Reliance-bp and Russia&#8217;s Rosneft-backed Nayara Energy &#8212; have begun pricing petrol and diesel at market rates for the first time in over a year after a fall in global oil prices cut losses, sources said. Reliance BP Mobility Ltd (RBML), a joint venture between Reliance Industries Limited and UK&#8217;s bp, Nayara Energy and Shell sold petrol and diesel at huge losses as they tried to match the below-cost frozen rates of dominant public sector retailers. The losses were despite pricing fuel at slightly higher rates than state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd [&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-573147","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\/573147","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=573147"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/573147\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=573147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=573147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=573147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}