By Srinivas Chowdary Sunkara // petrobazaar // 4th Sep 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 today. In Hyderabad, Petrol is being sold at Rs.85.30 and Diesel at Rs.80.00 a liter today. In Delhi, Petrol is priced at Rs.82.08 and diesel at Rs.73.40 per liter. In Kolkata, Petrol is now selling at Rs.83.57 and diesel at Rs.76.90 a liter. In Mumbai, Petrol and diesel are costing Rs.88.73 and Rs.79.94 respectively. Petrol pumps are charging Rs.85.04 and Rs.78.71 per liter respectively in Chennai. Oil marketing companies reduced diesel prices by 17 paise a day before for the first time in nearly six months. The base price of diesel was fixed at Rs.28/ltr in Delhi while that of petrol was fixed at Rs.26.10/ltr wef 1st Sep, 2020 as per the latest publication of OMC. As per the PPAC publication, HSD consumption was down in India to 5.524MMts from 6.305 Mmts in June.
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. Turning to futures, Crude palm oil futures (FCPO) for Nov delivery slumped 57 ringgits to 2834 ringgits and FKLI for Sep futures rose 9.5 ringgits to 1512 ringgits on Bursa Malaysia.
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