By Srinivas Chowdary Sunkara // petrobazaar // 13-01-18
PETROL AND DIESEL DAILY PRICE REVISION
DIESEL AND PETROL PRICE REVISION ANALYSIS
Petrol prices are shot up by 18-20 paise per ltr with 0.26 percentage upward change while Diesel prices have gone up by 20-22 paise per ltr with 0.32 percentage change around all major metro cities in India as on today from yesterday's price.
Yesterday, Crude oil prices soared up 0.8% for the sixth day and posts the fourth straight week of gains. The comments of Russian oil minister on market re balancing boosted up the oil prices on Friday. The rupee strengthened to 63.46/$ after sustained bouts of dollar selling from banks and importers.
PETROL AND DIESEL PRICE TREND
Bullishness around the global oil market continued to push up the average crude oil price for both the fuels amid strong domestic currency. Petrol and Diesel prices are trended to go up further as per the fundamentals around the global markets. MS and HSD price changes are subjected to supply, demand and government policy.