Bio diesel Petrol Diesel price today 12-08-2020

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By Srinivas Chowdary Sunkara // petrobazaar // 12th August, 2020.


PETROL DIESEL PRICE TODAY IN INDIA

12/08/2020
PETROL PRICE
DIESEL PRICE
LOCATION 11/08/2020 12/08/2020 CH+/- 11/08/2020 12/08/2020 CH +/-
Delhi 80.43 80.43 0 73.56 73.56 0
Kolkata 82.05 82.05 0 77.06 77.06 0
Mumbai 87.19 87.19 0 80.11 80.11 0
Chennai 83.63 83.63 0 78.86 78.86 0
Hyderabad 83.49 83.49 0 80.14 80.14 0

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 DEMAND DRAGGED LOWER IN INDIA

As per the data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum and Natural Gas, Consumption of refined fuels, a proxy for oil demand dipped to 15.68 million tonnes in July, 11.7% lowered compared with a year earlier and 3.5% below the prior month. Diesel consumption, which accounts for about two-fifths of India&#39s overall fuel usage fell to 5.52 million tonnes last month from 6.31Mts in June. The demand for diesel declined in India about 19.3% on annual basis. Sale of gasoline or petrol fell by 10.3% from a year earlier to 2.26 millon tonnes and were down .8% from 2.28 million tonnes in June. Naphtha sales fell 12.4% to 1.28 million tonnes from a year earlier but rose 10% from June. Bitumen sales slipped 4.4% on an annual basis and bout 45% month on month.


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 jumped 40 ringgits to 2683 ringgits and FKLI for August futures prices went down 15.5 ringgits to 1551 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

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

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