By Srinivas Chowdary Sunkara // petrobazaar // 21-12-2017.
PETROL DIESEL PRICE DAILY REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices are increased by 7 - 8 paise per ltr or 0.1% increase where as diesel prices are up by 10 - 13 paise per ltr with 0.17% change as on today from yesterday's price around all major metro cities in India.
Yesterday, Crude oil prices were largely volatile in Newyork. WTI increased 0.15% after touching low levels during the trading hours on EIA stock report. Brent prices were upside. The rupee rose 10 paise to 64.01/$ on firm domestic equity market support. U.S Congress gave its final approval to slash tax rats for corporates as well as middle class also strengthened INR.
PETROL DIESEL PRICE TREND
An Increase in C&F price of crude oil for both the fuels is off set with the strong domestic currency. The inflated price of dealer prices along with the VAT component pushed RSP up. The underlining fundamentals are indicating slight increase in fuel prices despite of strong currency. Petrol and diesel price changes are subjected to supply, demand and government policy.
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