{"id":467171,"date":"2022-02-09T12:03:14","date_gmt":"2022-02-09T06:33:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467171"},"modified":"2022-02-09T12:03:14","modified_gmt":"2022-02-09T06:33:14","slug":"fuel-prices-will-average-out-in-long-run-shouldnt-worry-long-term-investors-mk-surana-hpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fuel-prices-will-average-out-in-long-run-shouldnt-worry-long-term-investors-mk-surana-hpcl\/","title":{"rendered":"Fuel prices will average out in long run; shouldn\u2019t worry long-term investors: MK Surana, HPCL"},"content":{"rendered":"<p>\u201cWe 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,\u201d says MK Surana, Chairman &amp; MD, HPCL.<\/p>\n<p>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?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWe 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,\u201d says MK Surana, Chairman &amp; 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 [&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":[130,191,136],"tags":[],"class_list":["post-467171","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467171","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=467171"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467171\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}