<h1>GAIL India Chairman Predicts High Oil, Gas Prices; Plans Rs 12,000 Crore Investment in Pipelines, Petrochemicals.</h1> Oil and gas prices are expected to remain high for the foreseeable future, according to the chairman of GAIL India, who spoke at the World Economic Forum. The chairman expressed optimism about the energy sector under the second term of the US President, noting that increased oil and gas exploration could eventually ease price pressures, though not immediately. GAIL plans to increase its capital expenditure to Rs 10,000-12,000 crore over the next 3-5 years, focusing on pipeline projects and petrochemical expansions. The chairman also hopes for budgetary relief on CNG compression charges and inclusion of natural gas under GST.