By Srinivas Chowdary Sunkara // petrobazaar // 8th Sep 2020.
PETROL DIESEL PRICE IN INDIA TODAY
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.79.74 a liter today. In Delhi, Petrol is priced at Rs.82.08 and diesel at Rs.73.16 per liter. In Kolkata, Petrol is now selling at Rs.83.57 and diesel at Rs.76.66 a liter. In Mumbai, Petrol and diesel are costing Rs.88.73 and Rs.79.69 respectively. Petrol pumps are charging Rs.85.04 and Rs.78.48 per liter respectively in Chennai.
National Oil Marketing companies in India reduced diesel prices marginally yesterday while petrol prices were kept unchanged. During the current month, Petrol prices are increased by 5 paise or 0.007 pct while Diesel prices were cut down by 43 paise or 0.54%. Exports of POL products decreased by 22.7% during July 2020 and increased by 2.7% during April – July 2020 as compared to the corresponding period of the previous year. Increase in exports was due to increase in exports of HSD, Fuel oil, Petcoke/CBFS and LOBS/lube oil etc as per the PPAC latest publication.
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 jumped 46 ringgits to 2850 ringgits and FKLI for Sep futures slipped 19.5 ringgits to 1496 ringgits on 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
