By Srinivas Chowdary Sunkara // petrobazaar // 6-12-2017.
PETROL AND DIESEL DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION AND ANALYSIS
Petrol prices have gone down by 1 paise per ltr or 0.01% except in Mumbai while Diesel prices are raised by 2 - 3 paise per ltr or 0.03% as on today from yesterday's price around all major metro cities in India.
Yesterday, Crude oil prices were advanced by below 0.5% on the expected drawings in U.S crude oil stocks, OPEC's decision to cut production and growth in oil demand. The INR struggled to hold early gains and almost flat at 64.38/$ amid a caution ahead of the RBI policy decision.
PETROL AND DIESEL PRICE TREND
The C&F price both the petrol and diesel were pushed up with the flat INR. Petrol prices are reduced despite of increased landing cost of crude. Both the motor fuel oil prices may move either side slightly. Petrol and diesel price changes are subjected to supply, demand and government policy.
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