By Srinivas Chowdary Sunkara // petrobazaar // 03-01-2018.
PETROL AND DIESEL DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION ANALYSIS
Petrol prices are remain unchanged while Diesel prices are increased by 6-8 paise per ltr or 0.1% as on today from yesterday's price around all major metro cities in India.
Yesterday, Crude oil prices had a strong beginning with new record levels above $60 since mid 2015 levels. Social unrest in Iran and strong pledge towards output cuts by producers are the bullish factors driving the oil prices. inventory drawings along with global economic growth fueling the oil prices. The rupee strengthened to a fresh five month high of 63.44/$ as the euro climbed against dollar.
PETROL AND DIESEL PRICE TREND
A little upward change in average crude oil price for both the fuels ignited the oil prices high. Despite of increased global oil prices, petrol prices are unchanged but diesel prices are hiked with a nominal increase. Both the motor fuel oil prices are arrowed towards high as per the fundamental factors. Petrol and Diesel price changes are subjected to supply, demand and government policy.
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