By Srinivas Chowdary Sunkara//petrobazaar // 03-12-2017.
PETROL AND DIESEL PRICE REVISION DURING NOV MONTH
PETROL AND DIESEL DAILY PRICE CHANGE AND ANALYSIS
Petrol prices are increased by 1 paise with 0.01% upward change while diesel prices are remain unchanged as on today from yesterday's price around all metro cities in India.
PETROL AND DIESEL MONTHLY PRICE CHANGE AND ANALYSIS
During the month of November, Petrol prices have gone up by 10 paise or 0.16% where as Diesel prices were burdened with 69 paise or 1.18% from October month in New Delhi. The average global price of Indian crude basket was weighed on with Rs.96 or 2.66% increase during the November month after factoring the strengthening of INR @ 36 paise/$. Brent was moved up by $2.2 or 3.636% while WTI spiked by $3.02 with 5.56% change during the November month. Both the futures crossed the two year's high levels after 2015. high level arrests in Saudi, Expectation of production cuts, draws in U.S crude stocks, pipeline leakages in U.S are the some of the factors supported the bullishness around the both Newyork and London markets.
PETROL AND DIESEL PRICE TREND
Motor fuel oil prices are expected to go down slightly or will stay at current levels. petrol and diesel price changes are subjected to demand, supply and government policies.
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