:: Fuel Analysis --- ID :: 15694
Petrol and Diesel price trend in 2018
Lower prices bring year end cheer

By Srinivas Chowdary Sunkara // petrobazaar // 31st Dec, 2018.

In India, Petrol and Diesel prices are slipped for the fifth day after a gap of one day. Today, Petrol prices are dipped by 20 paise and Diesel prices are edged down by 30 paise per ltr in the capital city of India. In Delhi, Petrol is sold at Rs.68.84 a liter and Diesel is priced at Rs.62.86 per ltr. 

PETROL DIESEL PRICE TREND IN 2018

In 2018, Petrol and diesel price trend gained momentum due to its high volatility spurred by global oil prices. During the year 2018 , Petrol prices are dipped by Rs.1.13 or 1.5 pct and Diesel prices are propped up by Rs.3.22 or 5.41 pct. The motor fuel oil prices started rising sharply from the beginning of  the year with a rapid increase in global oil prices to post 5 - 7 percentage increase between Jan-Mar quarter. 

Between April-June, petrol prices rose moderately by 2.98 pct while diesel prices spiked by 4.54 percentage. In the second quarter ( July-Sep), Both the fuel prices peaked its highs by posting 8.3% surge in petrol prices and 9.21% spike in Diesel prices due to high oil prices along with the rout in currency markets. From the beginning of Oct, gasoline prices slided by 11.93 pct and Diesel prices are plunged by 17.27 pct till today. Finally The year 2018 ended with cheers from low oil prices negating all the previous hikes. 

Have a good day and Happy New Year.

Disclaimer: Views and opinions expressed here are personal. The 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