homevideos Newsmarket Newscommodities NewsOil prices rise 60% in 2021, what's the outlook for 2022? Experts decode

Oil prices rise 60% in 2021, what's the outlook for 2022? Experts decode

Crude oil prices have gained nearly 60 percent in 2021 and liquefied natural gas (LNG) prices have also touched a new all-time high. Dayanand Mittal, Oil and Gas Analyst at JM Financial Institutional Securities said petrol prices should normalise after March-April.

Profile image

By Anuj Singhal   | Sonia Shenoy   | Surabhi Upadhyay  Dec 31, 2021 11:38:27 AM IST (Published)

Listen to the Article(6 Minutes)
Crude oil prices have gained nearly 60 percent in 2021 and liquefied natural gas (LNG) prices have also touched a new all-time high. Dayanand Mittal, Oil and Gas Analyst at JM Financial Institutional Securities said petrol prices should normalise after March-April. He said crude oil prices in the near-term should stay supportive but from a medium- to long-term prices should moderate. He likes Indraprastha Gas Ltd (IGL), Gujarat Gas, Mahanagar Gas Ltd (MGL).

Also Read:
Hetal Gandhi, Director at CRISIL believes petrol would continue in the same trajectory it saw in FY22. Diesel and oil, on the other hand, will see a faster growth that will drive the growth of petroleum products by 6-8 percent, he said.
For the entire discussion, watch the accompanying video.

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change