By Srinivas Chowdary Sunkara // petrobazaar // 3rd July 2020.
PETROL DIESEL PRICE TODAY IN INDIA
DIESEL PETROL PRICES TREND IN INDIA
In India, Diesel and petrol prices are changed daily in line with a rise and fall of global oil prices. Following the daily price revision of auto fuels in India, Diesel oil and petrol prices are unchanged across India for straight fourth day in a row. Petrol prices were increased Rs.9.17 per ltr or 12.1% while diesel oil prices are hiked by Rs.11.14 or 14.95 pct during the last month after a hiatus of 83 days due to lock down across the country. As per the reuters report, India's fuel consumption rose in June compared with May showing a gradual recovery as Industrial and transport sectors reopened after lockdown norms relaxed.
In Hyderabad, Petrol is being sold at Rs.83.49 and Diesel at Rs.78.69 a liter today. In Delhi, Petrol is priced at Rs.80.43 and diesel at Rs.80.53 per liter. In Kolkata, Petrol is now selling at Rs.82.10 and diesel at Rs.75.64 a liter. In Mumbai, Petrol and diesel are costing Rs.87.19 and Rs.78.83 respectively. Petrol pumps are charging Rs.83.63 and Rs.77.72 per liter respectively in Chennai.
BIODIESEL PRICE TRENDS
Biodiesel prices are bench marked with diesel prices in Indian retail market. The retail prices of bio diesel remain unchanged today and trended to follow the changes in diesel prices in India. Bio diesel B100 and B50 graded fuel prices are sold at competitive prices in Hyderabad retail market. Crude Palm Oil futures for Sep delivery edged down 17 ringgits to 2345 ringgits while FKLI for July delivery rose 15 ringgits to 1545 ringgits over Bursa Malaysia.
Disclaimer: Views and opinions expressed here are personal. This commentary is 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