:: Fuel Analysis --- ID :: 14863
Petrol and Diesel price trend in India - Quarterly analysis
Petrol and Diesel prices are at new highs in India

By Srinivas Chowdary Sunkara // petrobazaar // 1-4-2018.

PETROL AND DIESEL PRICE REVISION DURING  1ST QUARTER
01/04/2018PETROL PRICEDIESEL PRICE
LOCATION01/01/1831/03/18CH+/-01/01/1831/03/18CH +/-
Delhi69.9773.553.5859.764.44.7
Kolkata72.7276.263.5462.3667.094.73
Mumbai77.8781.413.5463.3568.585.23
Chennai72.5376.293.7662.967.935.03

PETROL AND DIESEL PRICE CHANGE -  QUARTERLY ANALYSIS

In New Delhi, Petrol prices were soared up by Rs.3.58 per ltr with 5 percent increase and diesel prices were shot up by Rs.4.76 per ltr or 7.7 percentage upward change  during the first quarter (1/1/18-31/3/18).  

Jan month accounted for majority of the increase and a jump of 7 percentage in Brent price pushed C&F price of crude for petrol by 5%  and diesel by 7.5% which in turn fueled up the RSP of both the petrol and diesel  by 4.36 percentage and  7 percentage respectively during the month.

During the first week of Feb, Motor fuel oil prices continued uptrend following global oil market bullishness and descended from the second week on wards. After a 5-6 % plunge in crude oil prices, Both the fuel prices lost 3 percentage during the month amid tumbled rupee.

Geo-political tensions, bearish stock reports, fear of over supply along with U.S production surge supported oil prices to go up by above 5 percentage during the March month. A surge of above 2 % in the C& F price of both the motor fuels driven by global oil markets amid weak domestic currency pushed petrol and diesel prices to  go up above 2.5 percentage  during the month.

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