:: Fuel Analysis --- ID :: 14705
Petrol price trend
Diesel price trend

By Srinivas Chowdary Sunkara // petrobazaar // 25-01-18.

PETROL AND DIESEL PRICES - DAILY REVISION 
25/01/2018PETROL PRICEDIESEL PRICE
LOCATIONYESTERDAYTODAYCH+/-YESTERDAYTODAYCH +/-
Delhi72.4372.490.0663.3863.530.15
Kolkata75.1375.190.0666.0466.20.16
Mumbai80.380.360.0667.567.650.15
Chennai75.1275.180.0666.84670.16

PETROL AND DIESEL PRICE REVISION - ANALYSIS

Petrol prices are creeping towards high and ramped up by 6 paise or 0.08 percentage while Diesel prices are surged by 15-16 paise with 0.23 percentage increase around all major metro cities in India as on today from yesterday.

Crude oil prices hit three years high levels since 2014. U.S crude is trading above $66 while Brent is trading very nearer to $71 levels at the time of  reporting. Weak dollar, strong growth rate and continued drawings in U.S stocks are the factors predominantly driving the oil prices high. The rupee rallied by 59 paise to 63.10/$ as the U.S dollar is weakened against its peers in international market.

PETROL AND DIESEL PRICE TREND

C&F price of crude for petrol and diesel was up, albeit domestic currency supports. The bullishness amid strong rupee suggests a small increase in fuel prices. MS and HSD 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


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