:: Fuel Analysis --- ID :: 14773
Diesel price trend
Petrol and Diesel prices are dipped

By Srinivas Chowdary Sunkara // petrobazaar // 18-2-18

PETROL AND DIESEL PRICE REVISION - WEEKLY
18/02/2018PETROL PRICEDIESEL PRICE
LOCATION11/02/1818/2/18CH+/-11/02/1818/2/18CH +/-
Delhi73.2272.07-1.1563.962.56-1.34
Kolkata75.9174.78-1.1366.5765.22-1.35
Mumbai81.0879.94-1.1468.0566.62-1.43
Chennai75.9574.74-1.2167.3965.96-1.43

PETROL AND DIESEL PRICE REVISION - ANALYSIS

In New Delhi,  Petrol prices are dipped by Rs.1.15 per ltr or 1.6 percentage where as Diesel prices are down by Rs.1.34 per ltr with 2.12 percentage change during the last week. Petrol prices are decreased by 85 paise or 1.2 percentage and Diesel prices are slid by Rs.1.44 with 2.27 percentage points since the beginning of the month in the national capital city.

Last Week, Global crude markets started in a bearish mood and ended with weekly gains of around 4% after losing 10% during the previous week. Induction of large no of rigs by U.S drillers, built in U.S stocks and boosting U.S production numbers pressurized oil prices while strong bullish reports by OPEC and IEA, weak dollar , financial markets recovery and Saudi's statement of withholding production are the factors supported oil prices.


PETROL AND DIESEL PRICE TREND

The C&F price of crude for both the MS and HSD were on downside by above $3 amid weakened rupee by 22 paise/$, pushed down D.P and RSP by around 3%  and 2% respectively. In my opinion, both the motor fuel prices may fall further, since a dip of around 2.82% is still to be settled in C&F price of crude  against 7.44% fall in global oil markets since last 3 weeks. Fuel price change is subject to supply, demand and government policy.

Disclaimer: Views and opinions expressed here are for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

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18/02/2018PETROL PRICEDIESEL PRICE
LOCATION11/02/1818/2/18CH+/-11/02/1818/2/18CH +/-
Delhi73.2272.07-1.1563.964.220.32
Kolkata75.9174.78-1.1366.5766.890.32
Mumbai81.0879.94-1.1468.0568.390.34
Chennai75.9574.74-1.2167.3967.730.34