By Srinivas Chowdary Sunkara // petrobazaar // 16th Jan, 2022.

Furnace Oil (F.O), Light Diesel Oil (LDO), Superior Kerosene Oil (SKO) – Industrial , Low Sulphur Heavy Stock(LSHS) and Petcoke are the Industrial fuels largely used as a fuel to generate electricity and heat in different sectors. Being market-linked, Furnace Oil (FO), Light Diesel Oil (LDO) Superior Kerosene Oil (SKO), Low Sulphur Heavy Stock(LSHS) prices are revised up by Oil marketing companies (OMCs) on a fortnightly basis in India.

As We predicted, In India, Industrial fuel oil prices revised up on 16/1/2022 , for the second half of Jan across all the oil marketing companies. The  Furnace oil (F.O) basic prices are revised up by Rs.2550 to Rs.44459.82 or 6.08% per KL, Light Diesel Oil (LDO) prices are revised up by Rs.2660 or 5.09% to Rs.54870/- per KL from Visakha depo, Superior Kerosene Oil (SKO-Industrial) prices are up by Rs.2840 per KL to Rs.77720 per KL from Visakha depo, Low sulphur heavy stock (LSHS) prices in Mumbai escalated by Rs.2540 to Rs.48590/- per MT while Petcoke prices decreased to Rs.13985 wef 16/1/2022.

Disclaimer: Views and opinions expressed here are personal. This commentary is  for  information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com