FO and LDO prices are down on 1119

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 1st Jan, 2019

In India, Industrial fuel oil prices dropped by 5- 9 pct wef 1/1/2019, for the first fort night of Jan, 2019 across all the depos. Furnace oil (F.O) and Light Diesel Oil (LDO) prices are cut down on 1/1/2019 in line with the further slump in global oil markets during the recent weeks. Furnace oil (F.O) prices plummeted 28.64 pct and Light Diesel Oil (LDO) prices nosedived by 25.25 pct since 16th Nov, 2018.

As per the publications of oil marketing companies, At Visakha depo, Furnace oil prices are dipped by Rs.2890-/KL or 8.82 % to Rs.32730/KL from earlier price and LDO prices are slid by Rs.2220/KL to Rs.37020/KL or 5.66% from its previous price. In the Singapore market, IFO 180 cSt and 380 cSt graded fuel oil prices shrank by $47 or 8.73 pct where as the rupee gained Rs.0.52/$ during the recent past.

Disclaimer: Views and opinions expressed here are 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

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

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