FO LDO price revised up in India as on 1st July, 2024.
| PRODUCT | 16-06-2024 | 01-07-2024 |
| FO | Rs. 53339.33 | Rs. 54111.54 |
| LDO | Rs. 61960 | Rs. 64470 |
FO LDO prices went up in India for first half of July. On 1st July, 2024, Furnace Oil (FO) and Light Diesel Oil (LDO) prices were increased in India. Furnace Oil (FO) basic price increased Rs. 772.21 per kiloliter (KL) or 1.44% to Rs. 54,111.54 per KL. In Visakhapatnam. FO price went up Rs. 810 per metric ton (MT) or 1.45% to Rs. 56,400 per MT.
LDO prices revised up Rs. 2510 per KL or 4.05%, bringing the price up to Rs. 64,470 per KL from the Visakhapatnam depot as of July 01, 2024. Low-sulphur heavy stock (LSHS) prices increased Rs. 310 per metric ton, or 0.53% to Rs. 58,400 per metric ton. Superior Kerosene Oil (SKO) price remained unchanged at Rs. 93,400 per KL.
Escalation of oil cost negatively impact industries. These fuels are essential for generating electricity, heating, and other industrial processes. Higher fuel costs can lead to increased production expenses, which might result in higher prices for consumers. It is important for businesses and individuals to monitor these price changes and consider how they might affect future costs.
