By Srinivas Chowdary Sunkara // petrobazaar // 04-01-18
PETROL AND DIESEL DAILY PRICE REVISION
DIESEL AND PETROL PRICE REVISION ANALYSIS
Petrol prices are remained unchanged for the straight 4th day however Diesel prices are ticked up by 7-8 paise per ltr or 0.11% as on today from yesterday around all major metro cities in India.
yesterday Crude oil prices were traded at new record levels since mid 2015. The continued tensions in Iran and expected drawings in U.S crude stocks drived the oil prices. The rupee was trading weak at 63.54/$ due to dollar demand from importers and banks. The dollar's strength against other currencies also capped the rupee's gains.
PETROL AND DIESEL PRICE TREND
A small increase in the average C&F price of crude for both the fuels pushed the diesel prices a little while petrol price increase was absorbed. Petrol and diesel price increase will continue due to bullish global oil prices around amid strong domestic currency. Motor fuel oil price changes are subjected to supply, demand and government policy.
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