By Srinivas Chowdary Sunkara // petrobazaar // 13th June, 2019.
PETROL DIESEL PRICE TODAY IN INDIA
Petrol diesel prices are changed daily in line with a rise and fall of global crude prices, following the daily price revision of auto fuels in India. Today, Petrol prices are decreased by 7-9 paise or 0.1% while diesel prices are reduced by 6 paise or 0.09% from earlier revision. Petrol is sold at Rs.70.35 per ltr where as Diesel is offered at Rs.64.33 a liter in Delhi. Auto fuel prices are trended towards downside in the near future.
BIO DIESEL NEWS
Bio diesel imports are increased by 194.2% in China while exports rose by 112.8% month on month. Chinese importers imported more
bio-diesel as the global crude prices spiked in April. On the demand side, Harvesting season created additional demand. China import bio-diesel mainly from Indonesia and Hongkong which were exempted from consumption tax and 6.5% tariffs. Low crude prices in May, 2019 limited the buying interest in bio-diesel due to low blending. However There will be fair demand for bio-diesel in the petrochemical industry. Going forward, Global crude prices remain subdued in June, 2019 which may falter bio-diesel demand.
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biodiesel news courtesy:oilprice.com