By Srinivas Chowdary Sunkara // petrobazaar // 16-01-18
PETROL AND DIESEL DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION ANALYSIS
Petrol is further burdened by 9 paise per ltr or 0.12% while Diesel became costlier by 14-16 paise with around 0.22% increase around all major metro cities in India as on today from yesterday's price.
Yesterday crude oil prices were further strengthened with growing demand around the world. Rupee strengthened further to a high of 63.33/$ on Monday against the weak dollar.
PETROL AND DIESEL PRICE TREND
An increase in the average price of crude oil for petrol and and diesel pushed the motor fuel oil prices further up amid strong domestic currency. Petrol and Diesel prices are trended to go up further due to bullishness in the global oil market but strong currency supported the fuel prices. Revision of fuel pries is subjected to supply, demand and government policy.
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