By Srinivas Chowdary Sunkara // petrobazaar // 19-12-2017.
PETROL AND DIESEL DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION ANALYSIS
Petrol prices are increased by 8-9 paise per ltr with 0.11% upward change while Diesel prices are hiked by 10 paise or 0.17% up as on today from yesterday's price around all major metro cities in India except in Mumbai where both the MS and HSD prices are spiked by 11 - 12 paise per ltr.
Yesterday, Crude oil futures in Nymex slipped 0.2% while Brent prices rose 0.3%. INR managed to recoup to close at 64.23/$ on Monday after a sharp tumble on the election results of Gujarat. Rupee managed to strengthen and was up 0.21% for the week.
PETROL AND DIESEL PRICE TREND
Petrol and diesel prices are moving up on an increased average C&F price of crude oil with strong currency resulting into higher dealer retail price. Both the motor fuels prices are arrowed towards up on volatility in average landing price of crude oil. petrol and diesel price changes are subjected to supply, demand and government policy.
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