By Srinivas Chowdary Sunkara // petrobazaar // 16th Dec, 2018
In India, Industrial fuel oil prices dropped by 8- 9 pct from 1/12/18, for the second fort night of Dec across all the depos. Furnace oil (F.O) and Light Diesel Oil (LDO) prices sagged down on 16/12/2018 in line with the further slump in global oil markets during the recent weeks. Furnace oil (F.O) prices plummeted 22.56 pct and Light Diesel Oil (LDO) prices nosedived by 24.92 pct since 16th Oct, 2018.
As per the publications of oil marketing companies, At Visakha depo, Furnace oil prices are dipped by Rs.3230/KL to Rs.32730/KL and LDO prices are cut down by Rs.3410/KL to Rs.39240/KL. In the Singapore market, IFO 180 cSt and 380 cSt graded fuel oil prices shrank by $35 or 7.41 pct where as the rupee gained Rs.1.01/$ during the recent past.
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