Fuel prices will average out in long run; shouldn’t worry long-term investors: MK Surana, HPCL
“We have got around Rs 14,500 crore capex for this year and next year also it will be in the same range. We expect that around 20-30% of our capex will go to traditional areas of business which will continue to be transportation fuel and around 30% of total capex will move towards chemicals, LNG, non fossil sources of energy, EVs, green renewables etc,” says MK Surana, Chairman & MD, HPCL.
As a shareholder, one would be unhappy that oil marketing companies are not increasing prices, but as a consumer very happy that one does not have to pay more for fuel. Do you think that OMCs should have raised prices and considering where crude prices are?
