{"id":634364,"date":"2024-02-14T10:34:22","date_gmt":"2024-02-14T05:04:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=634364"},"modified":"2024-02-14T12:01:04","modified_gmt":"2024-02-14T06:31:04","slug":"oil-india-q3-results-profit-falls-9-3-hit-by-lower-crude-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-q3-results-profit-falls-9-3-hit-by-lower-crude-prices\/","title":{"rendered":"Oil India Q3 results: Profit falls 9.3%, hit by lower crude prices"},"content":{"rendered":"<p>State-run explorer Oil India reported a 9.3 per cent fall in third-quarter profit on Tuesday, hit by lower prices for crude oil and a windfall tax levied by the government. <\/p>\n<p>Standalone profit was Rs 1,584 crore ($191 million) for the quarter ended December 31, compared with Rs 1,746 cr a year earlier. <\/p>\n<p>Average crude prices fell 6.5 per cent in the December quarter, as per LSEG data. The Indian government&#8217;s windfall tax on crude oil producers since July 2022 has also hurt its bottom line.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run explorer Oil India reported a 9.3 per cent fall in third-quarter profit on Tuesday, hit by lower prices for crude oil and a windfall tax levied by the government. Standalone profit was Rs 1,584 crore ($191 million) for the quarter ended December 31, compared with Rs 1,746 cr a year earlier. Average crude prices fell 6.5 per cent in the December quarter, as per LSEG data. The Indian government&#8217;s windfall tax on crude oil producers since July 2022 has also hurt its bottom line.<\/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-634364","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\/634364","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=634364"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/634364\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=634364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=634364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=634364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}