By Srinivas Chowdary Sunkara // petrobazaar // 25-12-2017
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices are further dearer with 8-10 paise per ltr or 0.12% jump while Diesel prices have raised by 9-11 paise per ltr or 0.15% upward movement as on today from yesterday's price around all major metro cities in India.
During the last week, Both the futures closed with a weekly gains of above 2%. WTI was supported with surprised hefty fall in U.S crude stocks despite of raise in product stocks numbers. Brent was largely supported by U.K's forties pipeline outage which is expected to reopen in the first week of Jan. Rupee was strengthened as U.S dollar was weak against other currencies in international market.
PETROL DIESEL PRICE TREND
An increase in average C&F price of crude oil for both the MS and HSD shooted up the dealer price which in turn pushed the RSP upwards today. As per the fundamental indicators in global markets, Both the fuels are likely to move up slightly. Petrol and diesel price changes are subjected to supply, demand and government policy.
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