:: Fuel Analysis --- ID :: 14704
Petrol price trend
Diesel price trend

By Srinvas Chowdary Sunkara // petrobazaar // 24-01-18.

PETROL AND DIESEL PRICE - DAILY REVISION
24/01/2018PETROL PRICEDIESEL PRICE
LOCATIONYESTERDAYTODAYCH+/-YESTERDAYTODAYCH +/-
Delhi72.3872.430.0563.263.380.18
Kolkata75.0975.130.0465.8666.040.18
Mumbai80.2580.30.0567.367.50.2
Chennai75.0675.120.0666.6466.840.2

PETROL AND DIESEL PRICE REVISION - ANALYSIS

Petrol prices are moving upwards and shot up by 4-5 paise or 0.06% rise while Diesel prices are spiked by 18-20 paise per ltr with 0.28% increase around all major metro cities in India as on today from yesterday's price.

Crude oil prices are very nearer to Jan, 17 levels. Both the futures prices are sky rocketing with expected increase in growth rate and suspected large drawings in U.S for 10th week. Yesterday, the rupee bounced back with a rise of 9 paise at 63.78/$. Fresh unwinding of the U.S greenback by exporters and banks supported the domestic currency amid record setting spree in domestic equities.

PETROL AND DIESEL PRICE TREND

A small increase in D.P pushed up the RSP of both the motor fuel oil prices since there was no change in C&F price of crude. The bullishness amid strong domestic currency indicates a small increase in fuel oil prices. M.S and HSD price change is subject 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


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