By Srinivas Chowdary Sunkara // petrobazaar // 29-12-17.
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE TREND ANALYSIS
As predicted, Petrol prices are up by 9 paise per ltr or 0.12% while Diesel prices are raised by 9-13 paise or 0.15% as on today from yesterday's price around all major metro cities in India.
Yesterday, Crude oil prices in the global market were mixed before amid low volumes before year end holidays. Both the crude oil futures were up by around 0.5%. The rupee ended the session higher at 64.08/$ as the dollar slid broadly on Thursday, hampered by a recent dip in U.S 10 year bond yields.
PETROL DIESEL PRICE TREND
An increase in C&F price of crude for both the fuels after factoring the strong domestic currency pushed the D.P which in turn made the fuels costly today. Petrol and Diesel prices are expected to be increased due to bullishness in the global oil market. Motor fuels oil price changes are subjected 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