By Srinivas Chowdary Sunkara // petrobazaar // 25th Aug 2021.
PETROL DIESEL PRICE IN INDIA TODAY
PETROL DIESEL PRICE IN HYDERABAD
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 retail selling prices remained unchanged today across India . In Hyderabad, Petrol is being sold at Rs.105.54 and Diesel at Rs.96.99 a liter today. In Delhi, Petrol is priced at Rs.101.49 and diesel at Rs.88.92 per liter. In Kolkata, Petrol is now selling at Rs.101.82 and diesel at Rs.91.98 a liter. In Mumbai, Petrol and diesel are costing Rs.107.52 and Rs.96.48 respectively. Petrol pumps are charging Rs.99.20 and Rs.93.52 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 Nov futures prices traded 24 Malaysian Ringgits up at 4327 Malaysian Ringgits. In India, CPO August futures are trading up Rs.1.9 at Rs.1183.8, 10kg contract. Biodiesel prices are bench marked with diesel prices in Indian retail market. Bio diesel price in Hyderabad is Rs.86/ltr.
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