By Srinivas Chowdary Sunkara // petrobazaar // 29-4-2020
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 last 44 days barring a hike in a few cities like Mumbai, Bangalore Kolkata, Assam due to an increase in VAT by the respective state governments. In Hyderabad, Petrol is being sold at Rs.73.97 and Diesel at Rs.67.82 a liter today. In Delhi, Petrol is priced at Rs.69.59 and diesel at Rs.62.29 per liter. In Kolkata, Petrol is now selling at Rs.73.30 and diesel at Rs.65.62 a liter. In Mumbai, Petrol and diesel are costing Rs.76.31 and Rs.66.21 respectively. Petrol pumps are charging Rs.72.28 and Rs.65.71 per liter respectively in Chennai. Nagaland levied COVID-19 cess of Rs.5 per liter for diesel and Rs.6 petrol and motor spirit. Neighboring Meghalaya has levied sales tax surcharge of 2 pct on motor spirit including petrol (but excluding motor spirit used as fuel for aircraft, diesel oil and other internal combustion oil).
BIODIESEL PRICE TRENDS
Biodiesel prices are bench marked with diesel prices in Indian retail market. The retail prices of bio diesel remained flat today and trended to follow the changes in diesel prices in India. Malaysian palm oil futures rose on Wednesday, Tracking stronger crude and soybean oil prices. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange climbed 11 ringgit to 2031 ringgit per tonne at the time of reporting for a second straight day of gains. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock.
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