Prices may see rise until OPEC countries increase oil supply: HPCL Chairman

Updated:2 months, 3 weeks ago IST

New Delhi, May 23 (ANI): On the reasons behind the rise in prices of petrol and diesel, Hindustan Petroleum Corporation Limited’s (HPCL) Chairman Mukesh K Surana said that in future the prices may see a rise until OPEC countries increase the supply of oil. The HPCL Chairman said, “There's an OPEC meeting scheduled to take place soon, some triggers might come from there, if OPEC countries increase production of oil that could help fix perception of high demand and less supply, but in immediate future fuel prices might stay high.”

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