{"id":642163,"date":"2024-04-23T08:00:49","date_gmt":"2024-04-23T02:30:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=642163"},"modified":"2024-04-23T08:36:31","modified_gmt":"2024-04-23T03:06:31","slug":"indian-refiners-may-need-a-rethink-amid-shrinking-russian-crude-discounts-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-refiners-may-need-a-rethink-amid-shrinking-russian-crude-discounts-2\/","title":{"rendered":"Indian refiners may need a rethink amid shrinking Russian crude discounts"},"content":{"rendered":"<p>India\u2019s appetite may be waning for crude oil from Russia, the country\u2019s biggest source, with discounts shrinking by 77 per cent from a record high in early 2023, and by 61 per cent from the months after the invasion of Ukraine in February, suggests exclusive data accessed by Business Standard. But even record-low discounts at present are offering value to India\u2019s state-run refiners, which are grappling with the inability to adjust pump prices for nearly two years. They lowered petrol and diesel rates by Rs 2 per litre last month, despite rising crude oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s appetite may be waning for crude oil from Russia, the country\u2019s biggest source, with discounts shrinking by 77 per cent from a record high in early 2023, and by 61 per cent from the months after the invasion of Ukraine in February, suggests exclusive data accessed by Business Standard. But even record-low discounts at present are offering value to India\u2019s state-run refiners, which are grappling with the inability to adjust pump prices for nearly two years. They lowered petrol and diesel rates by Rs 2 per litre last month, despite rising crude oil prices.<\/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-642163","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\/642163","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=642163"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/642163\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=642163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=642163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=642163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}