PETROL DIESEL DAILY PRICE REVISION
PETROL DIESEL PRICE REVISION ANALYSIS
Petrol prices are increased by 8-9 paise per ltr or 0.11% hike while Diesel prices are spiked by 11-12 paise per ltr or 0.18% raise as on today from yesterday's price around all major metro cities in India.
Crude oil prices dipped yesterday but still hovered around two and half year's high levels. Oil prices were largely supported by the producer's statements that any exit from output cuts would be gradual. Yesterday the rupee ended the range-bound session almost flat at 64.05/$ with currency traders on the fence ahead of an extended Christmas weekend.
PETROL DIESEL PRICE TREND
Petrol and Diesel prices are up on increased C&F price of crude oil for both the fuels along with strong currency pushed the dealer price. Since the weekly average price of crude oil ended high, Both the fuel oil prices are likely to go up. Petrol and Diesel price changes are subjected to supply, demand and government policy.
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