Crude prices have fallen by close to about 10 percent in the last one month. Will it impact the earnings of Oil and Natural Gas Corporation (ONGC)?
“We expect the crude prices to come around USD 50 per barrel to USD 55 per barrel range,” AK Srinivasan, Director-Finance at ONGC told CNBC-TV18.
This is a temporary phenomenon since prices are volatile, he said.
Crude prices have dropped in the last couple of days. Net realisations for ONGC may be around USD 50 per barrel in Q1 because of this drop.
He hopes gas prices to change in the future.
No decision has been taken with regards to buying stake in Hindustan Petroleum Corporation Ltd (HPCL) as of now, he said.
For full interview, watch video...
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