CBOD Market Outlook 1st to 15th December 2022

Refined Products Review and Outlook The international market prices of refined petroleum products in the 12 th to 26th November 2022 international pricing window, which are premiums applicable to the selling window of 1st to 15th December 2022, witnessed a decline for all products relative to the previous window. Thus, petrol, diesel, and LPG prices in the world market stooped by 13.45%, 11.63%, and 1.88% respectively relative to the previous pricing window of 27 th October to 11th November 2022. The rising concerns of the global economic recession as well as the rising Covid-19 cases in China are majorly responsible for the downturn in the fuel prices this window.