:: Fuel Analysis --- ID :: 14612
petrol diesel price today as on 21/12/17
PETROL DIESEL PRICE TREND

By Srinivas Chowdary Sunkara // petrobazaar // 21-12-2017.

PETROL DIESEL PRICE DAILY REVISION
21/12/2017PETROL PRICEDIESEL PRICE
LOCATIONYESTERDAYTODAYCH+/-YESTERDAYTODAYCH +/-
Delhi69.3569.420.0758.7558.850.1
Kolkata72.1172.180.0761.4161.510.1
Mumbai77.2577.320.0762.0362.160.13
Chennai71.8771.950.0861.8861.990.11

PETROL DIESEL PRICE REVISION ANALYSIS

Petrol prices are increased by 7 - 8 paise per ltr or 0.1% increase where as diesel prices are up by 10 - 13 paise per ltr with 0.17% change as on today from yesterday's price around all major metro cities in India.

 Yesterday, Crude oil prices were largely volatile in Newyork. WTI increased 0.15% after touching low levels during the trading hours on EIA stock report. Brent prices were upside. The rupee rose 10 paise to 64.01/$ on firm domestic equity market support. U.S Congress gave its final approval to slash tax rats for corporates as well as middle class also strengthened INR.

PETROL DIESEL PRICE TREND

An Increase in C&F price of crude oil for both the fuels is off set with the strong domestic currency. The inflated price of dealer prices along with the VAT component pushed RSP up. The underlining fundamentals are indicating slight increase in fuel prices despite of strong currency. Petrol and diesel price changes are subjected to supply, demand and government policy.

Disclaimer: Views and opinions expressed here are for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com