By Srinivas Chowdary Sunkara // petrobazaar // 21st April 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 36 days barring a hike in a few cities like Mumbai, Bangalore and Kolkata 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 Hyderabad retail market. 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. The domestic demand for auto fuels slumped above 70% due to curbs on travel and industrial activities amid lock down in India, Due to which Indian oil refineries are forced to limit the production activities. Following the global bench mark crude price indexes are trading in negative territory, Motor fuels prices are expected to trim further in India.
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. Turning to U.S markets, Ethanol futures prices for May delivery traded 4.32% down at 0.930s. Soybean Oil May delivered futures are trading 2.5% down at $25.33. Ethanol futures to be delivered in May edged down 4.32% at 0.93s. Bio diesel B100 and B50 graded fuel prices are sold at competitive prices in Hyderabad retail market.
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