By Srinivas Chowdary Sunkara // petrobazaar // 23-01-18.
PETROL AND DIESEL - DAILY PRICE REVISION
PETROL AND DIESEL PRICE REVISION - ANALYSIS
Petrol prices surged by 15 paise per ltr or 0.2% while Diesel prices are shot up by 19-20 paise per ltr or 0.3% around all major metro cities in India as on today from yesterday's price.
Crude oil prices are trading higher by above 1 percent today. Prospectus of healthy economic growth, OPEC and non-OPEC reiterating output cuts and expected large inventory draw in U.S are the factors supporting the oil prices.The rupee is strengthened to 63.74/$ as BSE index closed above 36000 levels for the first time.
PETROL AND DIESEL PRICE TREND
An increase of 0.23% in C&F price of crude oil for both HSD and MS moved the motor fuel prices up above 0.2%. The fundamentals are indicating the bullishness in motor fuel oil prices amid strong domestic currency. petrol and diesel price changes are subject to supply, demand and other factors.
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