| PRODUCT | 16-02-2024 | 01-03-2024 |
| FO | Rs. 47749.33 | Rs. 47839.33 |
| LDO | Rs. 65940 | Rs. 66470 |
FO and LDO prices. In the first half of March 2024, there was a notable increase in the prices of Furnace Oil (FO), Light Diesel Oil (LDO), and Low Sulphur Heavy Stock (LSHS) in India. Furnace Oil (FO), saw an upward revision of 0.2% rise to reach Rs.47,839 per KL at the Vizag depot. In Visakha, FO prices saw an upward revision of Rs.90/- per MT or 0.2%, settling at Rs.49,860 per MT. Light Diesel Oil (LDO) also experienced an uptick, climbing by 0.8% to reach Rs.66,470 per KL. Additionally, Low Sulphur Heavy Stock (LSHS) followed suit with a gain of 0.2%, reaching Rs.51,530 per KL. Notably, Superior Kerosene Oil (SKO) maintained its stability, holding at Rs.93,400 per KL.
These price increases might affect industries that use these fuels a lot. It could impact things like making electricity, heating, and other industrial work, possibly making production more expensive and leading to higher prices for consumers later on. Both businesses and individuals need to keep an eye on what’s causing these changes and how they might continue in the future.
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