By Srinivas Chowdary Sunkara // petrobazaar // 28-12-2017
PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices are edged up by 9-10 paise per ltr with 0.12% change while Diesel prices are inched up 9-12 paise or 0.15% upward change as on today from yesterday's price around all major metro cities in India.
Yesterday, Crude oil prices slipped from two and half year's high but still hovered around the same levels despite of Libya explosion and Forties pipeline outage. low trade volume since the Chirstmas festival holidays are in effect would be the another reason for downtrend. The rupee drifted down further at 64.15/$ due to year end demand for U.S currency from importers and banks.
PETROL DIESEL PRICE TREND
Petrol price has gone up due to increased D.P despite of unchanged C&F price of crude oil for petrol at a stable currency. Diesel prices are raised after a little change in C&F price of crude oil for Diesel after factoring the stable currency. Motor fuel prices are indicated to be at higher end due to bullishness in the global oil prices. Petrol and diesel price change is subjected to supply, demand and government policy.
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