By Srinivas Chowdary Sunkara // petrobazaar // 26-12-2017.
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices have fallen down by 1-2 paise per ltr with 0.02% change while Diesel prices have become costlier by 11-13 paise per ltr with 0.18% upward change as on today from yesterday's price around all major metro cities in India.
Following the Christmas holiday, Crude oil futures are expected to be firm as U.S explorers are refrained from adding rigs for a second week as per Baker Hughes report. The INR edged up against greenback as U.S dollar is weakened against other currencies overseas. The Rupee ended flat at 64.06/$ as on Friday.
PETROL DIESEL PRICE TREND
The C&F price of crude oil for both the MS and HSD has gone up which pushed the dealer prices up. The RSP of Petrol is decreased despite of inflated DP. The Underlining fundamentals are advising that motor fuel prices may go up slightly. Petrol and Diesel price change is subject to supply, demand and government policy.
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