:: Industrial Fuels --- ID :: 15994
FO and LDO prices are decreased as on 1/4/2019
Cooling down

By Srinivas Chowdary Sunkara // petrobazaar // 1st April, 2019.

Furnace Oil (F.O) and Light Diesel Oil (LDO) are the fuels largely used as a fuel to generate electricity and heat in a number of sectors. Being market linked, Both FO and LDO prices fluctuates on fortnightly basis.

As predicted, In India, Industrial fuel oil prices are decreased  by 2.29 pct wef 01/04/19, for the first half of April across all the oil marketing company depos. Furnace oil (F.O) prices are sagged down by Rs.830 per KL and Light Diesel Oil (LDO) prices are pushed down by Rs.990 per KL as on 01/04/2019 in line with a moderate changes in Bunkering markets across the ports during the recent weeks.

As per the publications of oil marketing companies, At Visakha depo, Furnace oil prices are slipped by Rs.830/KL to Rs.35300/KL and LDO prices are edged down at Rs.42290/KL. In the Singapore market, IFO 180 cSt and 380 cSt graded fuel oil prices were on downside where as the rupee was depreciated against $ during the last fortnight.

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