Be prepared to pay more for diesel & petrol

Market Review

 The domestic consumer of petrol and diesel should keep his fingers crossed lest oil marketing companies increase the prices of the two auto fuels at the time of the next revision due at the month-end because of continuing high prices of international crude oil during the past fortnight.

 International crude oil prices continue to rule steady at higher levels during the past week on account of worries about supply shortages from two key exporters - Iraq and Nigeria.

 Continuing violence in Iraq and the two explosions on the country