By Srinivas Chowdary Sunkara // petrobazaar // 01-01-18.
PETROL DIESEL DAILY PRICE REVISION AS ON 01-01-18.
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices are left unchanged while Diesel prices are ticked up by 6-8 paise per ltr with 0.1 percentage change as on today from yesterday's price around all major metro cities in India.
Crude oil prices had ended the year in green. Both the Brent and U.S oil futures recorded a positive close with a weekly gain of $1.62 or 2.48% up for Brent oil and $1.95 or 3.33% upward shift for WTI during previous week. A monthly gain of $3.14 and $2.06 for both Brent and WTI was recorded during December month. After six years of continuous fall, the rupee broke above the crucial hurdle level of 64 and closed the year with 6.34 per cent gain at 63.87/$.
PETROL AND DIESEL PRICE TREND
Increased C&F price of the crude for both the motor fuel oils, after factoring the strong domestic currency pushed the D.P along with VAT which in turn popped RSP higher. Petrol and diesel prices are trended to change higher based on the fundamentals. Petrol and Diesel price changes are subjected to supply, demand and government policy.
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