:: Fuel Analysis --- ID :: 14671
Diesel price trend
High crude price means high diesel price

By Srinivas Chowdary Sunkara // petrobazaar // 11-01-18.

PETROL AND DIESEL DAILY PRICE REVISION
11/01/2018PETROL PRICEDIESEL PRICE
LOCATIONYESTERDAYTODAYCH+/-YESTERDAYTODAYCH +/-
Delhi70.6270.660.0460.8160.990.18
Kolkata73.3673.40.0463.4763.650.18
Mumbai78.5178.550.0464.6764.880.21
Chennai73.2173.250.0464.0964.280.19

DIESEL AND PETROL PRICE REVISION ANALYSIS

Petrol and Diesel prices are creeping to highest levels. Petrol prices are jumped by 4 paise or 0.05 percentage while Diesel prices are bumped up by 18-21 paise or  0.29 percentage increase around all major metro cities in India as on today from yesterday's price.

Yesterday, Crude oil prices clung to three year's highs on tighter U.S market. Oil prices were supported by a surprise drop in U.S production and lower inventories although analysts warning of overheated market.  The rupee was strong at 63.66/$ on mild selling of dollar by exporters yesterday.

PETROL AND DIESEL PRICE TREND

Soaring crude oil prices lifting the moving average price of crude oil for motor fuels amid strong domestic currency which in turn pushing the MS and HSD prices. An upside movement in global oil market is indicating the further boosting in domestic oil prices. However increase in oil prices are subjected to supply, demand and government policy.

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