Refined oil prices surged for the second day by adding Rs 3.65 to Rs 606 per 10 kg in futures trade today, as speculators enlarged their positions supported by a rise in demand in the spot market.
At the Multi Commodity Exchange counter, refined soya oil for delivery in January added Rs 3.65, or 0.61 per cent, to Rs 606 per 10 kg, with a business turnover of four lots.
The oil for delivery in February traded higher by Rs 1.80, or 0.29 per cent, to Rs 622.70 per 10 kg, with an open interest of just one lot.
Traders said rising demand in the spot market due to the ongoing marriage season led to a rise in refined soya oil futures prices.
