By Srinivas Chowdary Sunkara // petrobazaar // 25-01-18.
PETROL AND DIESEL PRICES - DAILY REVISION
PETROL AND DIESEL PRICE REVISION - ANALYSIS
Petrol prices are creeping towards high and ramped up by 6 paise or 0.08 percentage while Diesel prices are surged by 15-16 paise with 0.23 percentage increase around all major metro cities in India as on today from yesterday.
Crude oil prices hit three years high levels since 2014. U.S crude is trading above $66 while Brent is trading very nearer to $71 levels at the time of reporting. Weak dollar, strong growth rate and continued drawings in U.S stocks are the factors predominantly driving the oil prices high. The rupee rallied by 59 paise to 63.10/$ as the U.S dollar is weakened against its peers in international market.
PETROL AND DIESEL PRICE TREND
C&F price of crude for petrol and diesel was up, albeit domestic currency supports. The bullishness amid strong rupee suggests a small increase in fuel prices. MS and HSD price changes are subjected to supply, demand and government policy.
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