By Srinivas Chowdary Sunkara // petrobazaar // 08-01-18.
PETROL & DIESEL DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION ANALYSIS
Petrol price are increased by 15-16 paise per ltr or 0.21% while Diesel prices are spiked by 18-20 paise per ltr with 0.29% upward change around all major metro cities in India as on today from yesterday's price.
During last week, Petrol prices were boosted by 31 paise with 0.44 percentage change while Diesel prices were hiked by 67 paise with 1.11% change. Crude oil prices were bullish during the last week. Both the futures went up by above 1 percentage. Domestic currency was strengthened by 0.105 percentage during the same period.
DIESEL AND PETROL PRICE TREND
An increase in the average price of crude oil for Petrol and Diesel by a 45 paise or 0.6% and Rs.1.71 or 2.2% apiece pushed up the prices during the last week. based on the fundamentals of global crude oil market, prices are trended to move upwards. A change in Motor fuels is subjected to supply, demand and government policy.
Disclaimer: Views and opinions expressed here are 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