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MK SURANA
Fuel price hike may become inevitable amid rising crude stress: MK SuranaIndia's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global mar...- OMCs well placed as there is growth potential in new avenues and a surety of existing cash: MK SuranaMK Surana, Former CMD of HPCL, discussed the favorable position of oil marketing companies with crude prices below $80 and improving margin...
- What will be economic implications on OMCs of lower excise duty on petrol & diesel? MK Surana answersNow, but if we see the total inflation data which is there for July which has gone up let us say point around 1.95% month to month but year...
- Are OMCs in a sweet spot? MK Surana answersThe third part is that whether the OMCs should be rated or which way it is rated. Of course, the analysts are better judge to do that. But ...
- Quite a good recovery in terms of fuel demand: MK Surana, HPCL"Overall, demand is picking up. In petrol, we should end the year with positive growth. Diesel will also match the pre-pandemic level if ev...
- HPCL plans to borrow Rs 8K crore in FY20 to fund expansionIn 2018-19, the company borrowed about Rs 6,000 crore, split evenly between short-term and long-term loans.
- Now, HPCL is able to align international and domestic prices: MK SuranaAs cracks of products are lower, here are some pressure on the refinery margins, says Surana.
- Oil pricing formula can’t be changed, value of elements can be tweaked: MK Surana, HPCL“If prices are continuously high, then it will get passed on and so it is being passed on.”
- If prices stay high, consumers will have to pay more: MK Surana, HPCLThere is no reason for crude oil to spike since there are enough global inventory.
- ONGC, HPCL must respect each other’s autonomy in areas of business: HPCL ChiefONGC chairman Shashi Shanker said his firm didn’t plan to bring about any “major change” in the functioning of HPCL following the takeover,...
- We need to balance consumer comfort, government budget and HPCL’s financials: MK Surana“We also need to be cautious and sensitive to the consumers’ convenience in oil and gas prices”
- Daily oil pricing mechanism to ensure domestic prices aligned to global: MK Surana, HPCLIn a chat with ET Now, MK Surana, HPCL said that at policy level oil minister is not changing stance on fuel price.
- HPCL stock had been doing well over a last few months: MK Surana, HPCL"We expect at least the petrol part (of the retail volumes) in the next two-three years to continue rising by some 7% to 8%," said Surana.
- HPCL will continue to create value for shareholders: MK Surana, CMD, HPCL"The current market price of HPCL share does not reflect the complete intrinsic value of HPCL. It has got lot more than what is reflected i...
- ONGC-HPCL deal: Acquisition is better than merger if it happens, says MK Surana, CMD, HPCLONGC has got a different line of focus line of business. They are more upstream dominated. We are more refining and marketing dominated, sa...
- HPCL capacity expansion will be completed by 2020: MK Surana, HPCL"The company is also making efforts to reduce energy consumption within the refinery and improve our Energy Efficiency Indexes," MK Surana ...
- Regular hike in fuel prices, no regular hike in our margins: MK Surana, HPCLCMD, HPCL says that there was a increase in the crude price and the international product prices so accordingly it is being passed on regul...
- We will give incentives; demonetisation is in the larger interest of the country: MK Surana, CMD, HPCLThe capex plan which we announced earlier does not include the expenditure for this refinery as of now because this is still in the initial...
- We are further strengthening our marketing infrastructure to cater to the increasing demand: MK Surana of HPCL"We do see our opportunities in terms of industrial goods we are one of the largest sellers of lubes in India and we have constantly mainta...
- Brexit's impact on oil prices taken adversely by the markets: MK Surana, HPCL"There is a logical reasoning for it, because the exit of Britain from the European Union is likely to have an impact on the British Pound ...
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