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.