By Srinivas Chowdary Sunkara // petrobazaar // 24-12-17.
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL DAILY PRICE REVISION ANALYSIS
Petrol prices are down by 2-3 paise per ltr with 0.02% change while Diesel prices went up by 9-12 paise per ltr with 0.15% change as on today from yesterday's price around all major metro cities in India.
PETROL DIESEL WEEKLY PRICE ANALYSIS
The retail price of petrol in Delhi has gone up by 41 paise per ltr which has caused 0.59% increment during the last week. During the week, Diesel prices remained higher with 63 paise with 1.07% increase. The Bullishness of 3.18% in Brent market during the week underpinned with U.K's Forties pipeline outage which carries majority of North sea crude, Shooted up the average C&F price of crude for petrol and diesel by 0.13% and 0.95% apiece. The INR was strengthened by 0.17% which capped the raise in retail prices.
PETROL DIESEL PRICE TREND
Both the motor fuel oil prices are trended to change slightly towards up as per the fundamentals in global oil markets. INR may continue its strength which may support the prices. Petrol and Diesel price changes are subjected to supply, demand and government policy.
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