{"id":399256,"date":"2021-02-05T11:51:31","date_gmt":"2021-02-05T06:21:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=399256"},"modified":"2021-02-05T11:51:31","modified_gmt":"2021-02-05T06:21:31","slug":"hpcl-chief-indicates-market-forces-may-slightly-raise-fuel-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hpcl-chief-indicates-market-forces-may-slightly-raise-fuel-prices\/","title":{"rendered":"HPCL chief indicates market forces may slightly raise fuel prices"},"content":{"rendered":"<p>There may not be much relief in sight for consumers with petrol and diesel prices remaining high, driven by market forces, indicated Hindustan Petroleum Corporation (HPCL) Chairman and Managing Director, M K Surana.<\/p>\n<p>Speaking at a press interaction after announcing the third quarter earnings for fiscal 2020-2021, Surana said, \u201cThe increase in crude oil price is because of the mismatch or the anticipated mismatch between the pick-up in demand and the capacity to ramp up the production immediately\u2026On a long term or medium-term basis, we do not expect crude oil prices to go substantially high and we anticipate it to remain between $50 and $60 a barrel. To that extent, the fuel prices do factor in that type of range of crude prices.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There may not be much relief in sight for consumers with petrol and diesel prices remaining high, driven by market forces, indicated Hindustan Petroleum Corporation (HPCL) Chairman and Managing Director, M K Surana. Speaking at a press interaction after announcing the third quarter earnings for fiscal 2020-2021, Surana said, \u201cThe increase in crude oil price is because of the mismatch or the anticipated mismatch between the pick-up in demand and the capacity to ramp up the production immediately\u2026On a long term or medium-term basis, we do not expect crude oil prices to go substantially high and we anticipate it to [&hellip;]<\/p>\n","protected":false},"author":39,"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-399256","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\/399256","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=399256"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/399256\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=399256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=399256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=399256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}