By Srinivas Chowdary Sunkara // petrobazaar // 14-12-2017.
PETROL AND DIESEL PRICE DAILY REVISION
PETROL AND DIESEL PRICE REVISION ANALYSIS
Petrol prices are unchanged while Diesel prices are up by 1 paise per ltr or 0.01% as on today from yesterday's price around all major metro cities in India except in Mumbai where both the motor fuel prices are increase by 3 paise apiece.
Yesterday Crude oil prices in global oil market were flat. Prices have fallen after a rally on the Forties pipeline outage. Industrial agency inventory numbers supported the prices . The INR strengthened by 16 paise to 64.28/$ even as the federal reserve raised interest rates by a quarter percentage point.
PETROL AND DIESEL PRICE TREND
The increase in C&F price of crude oil for both the motor fuel oils is off set with strong currency partially. The Diesel prices are increased after an increase of one paise in retail price. Petrol and Diesel prices may move either side slightly. fuel price changes are subjected to supply, demand and government policy.
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