By Srinivas Chowdary Sunkara // petrobazaar // 11th August 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.83.49 and Diesel at Rs.80.14 a liter today. In Delhi, Petrol is priced at Rs.80.43 and diesel at Rs.73.56 per liter. In Kolkata, Petrol is now selling at Rs.82.05 and diesel at Rs.77.06 a liter. In Mumbai, Petrol and diesel are costing Rs.87.19 and Rs.80.11 respectively. Petrol pumps are charging Rs.83.63 and Rs.78.86 per liter respectively in Chennai.
PETROL AND DIESEL TRADING IN FUTURES
Market regulator SEBI is looking at permitting futures trading in petrol and diesel. There was an industry demand to allow futures trade in both petrol and diesel that are derived from crude oil. Petrol and Diesel are the consumables that affect the entire economy and allowing these products to trade in futures will help to hedge the risk.
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 Oct delivery went down 18 ringgits to 2691 ringgits and FKLI for August futures rose 10 ringgits to 1560 ringgits on Bursa Malaysia.
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