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Biodiesel prices increase following crude oil hike

Written on June 29, 2009

Business Standard reports that biodiesel prices have increased following the doubling of the crude oil prices. Since April, biodiesel prices in Europe have jumped over 72% on a demand revival. From its peak of $142 a barrel in July last year, crude oil prices touched a low of $32.40 in December. Presently, it is ruling above $70 a barrel.

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