By Srinivas Chowdary Sunkara // petrobazaar // 17th May 2023.
PETROL DIESEL PRICE IN INDIA TODAY
PETROL DIESEL PRICE IN HYDERABAD
Petrol consumed in India rose to its highest level in FY23. Petrol consumption shot up by 13.37% to 34.97 million tonnes while diesel consumption soared further by 12% to 85.89 million tonnes.
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, Petrol diesel retail selling prices kept unchanged today across India. In Hyderabad, Petrol is being sold at Rs.109.66 and Diesel at Rs.97.82 a liter today. In Delhi, Petrol is priced at Rs.96.72 and diesel at Rs.89.62 per liter. In Kolkata, Petrol is now selling at Rs.106.03 and diesel at Rs.92.76 a liter. In Mumbai, Petrol and diesel are costing Rs.111.35 and Rs.97.28 respectively. Petrol pumps are charging Rs.102.63 and Rs.94.24 per liter respectively in Chennai.
BIODIESEL PRICE TRENDS
Palm oil has several applications including cooking, lubricants, candle-making, cosmetics, and can even be eaten prior to being crushed. The price of palm oil fluctuates based on supply, weather, competing oils, environmental concerns, and biofuel demand. It is cheaper to produce biofuel using palm oil making it a cost-efficient substitute to using soybeans or other crops. FCPO July futures prices traded 64 Malaysian Ringgits down at 3564 Malaysian Ringgits. In India, CPO April futures are trading down Rs.0 at Rs.1009 10kg contract. Biodiesel prices are bench marked with diesel prices in Indian retail market.
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