By Srinivas Chowdary Sunkara // petrobazaar // 20-12-2017.
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol is burdened with 8 paise per ltr with 0.11% upward revision while Diesel prices are up with 10 - 11 paise per ltr with 0.11% upward change as today from previous price around all major metro cities in India except in Mumbai where HSD prices are hiked by 16 paise per ltr.
Yesterday, Crude oil prices in global market were went up. Brent prices were supported by U.K's forties pipeline outage while WTI prices were supported with the expected fall in U.S crude stocks to be reported by industrial agency. The Rupee hit a three-month high of 64 and closed at 64.05/$ on the week dollar against other currencies in the international market.
PETROL DIESEL PRICE TREND
Increased dealer prices backed by bullish crude oil prices of both the fuels pushed the motor fuel oil prices up. Petrol and Diesel prices are trended to go up slightly as per the fundamentals appeared. Petrol an diesel price changes are subjected to supply, demand and government policy.
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