In India, National Oil marketing companies have reduced the prices of bitumen products by around 11% for the second fortnight of Jan, 2019 wef 16/1/2019. All the grades of Bitumen prices are revised down surprisingly for the forth time in a row since Nov, 2018 despite of ballooning global oil prices.
As per the latest publication of oil marketing companies, In Visakha, The basic prices of Bitumen VG-10 (Bulk), Bitumen VG-30 (Bulk), Bitumen VG-10(packed) and Bitumen VG-30(packed) product prices went down by Rs.3540 per Mt each to Rs.26850/-, Rs.26050/-, Rs.30150/- and Rs.30950/- per Mt respectively. Bitumen VG-40 Bulk product prices came down by Rs.4059/- per mt to Rs.28080/- per Mt. Bituminous products are slashed down by around 28 pct since Dec, 2018 in India.
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