Crude oil upbeat!!!!

K

k1jatrophaoils

Well-Known Member
When I was just posting this post, the Nymex quote says 91USD late night and its expected togo further by atleast another 20USD later this month?

Virtually!
The Diesel price may be up before Budget2011 by another Rs3/liter.
This is the beginning for recognition to those who still survive in this Biofuel business.

I am quite convinced that unless the cost of Diesel is Rs50/liter there is no chance of any Industry to market Biodiesel in India.

Jatropha oil producers can have a dominant role to play this year too.
Cheers.
Bhadrinath.
 

Crude oil upbeat.

Friends!

On expected lines, Reliance have increased the Diesel price by two rupees fifty paise yesterday night.

The OIM cos may also increase the price any moment and the Diesel price will be Rs45+ soon in the market.

Its time for us to search for an alternate failing which the fuel cost may affect the whole National index on economy.

Bhadrinath.
 

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