In India, National Oil marketing companies have reduced the prices of bituminous products for the first half of Jan, 2019 wef 1/1/2019. All the grades of Bitumen prices are revised down by around 4 pct from previous fortnight 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.1400 per Mt each to Rs.30390/-, Rs.30590/-, Rs.33690/- and Rs.34490/- per Mt respectively. Bitumen VG-40 Bulk product prices came down by Rs.1619/- per mt to Rs.32140/- per Mt. Crude oil markers lost around 30 pct since Oct, 30 and Bunker markets lost around 33 pct since the beginning of Nov.