FO LDO price changed
| PRODUCT | 01-05-2024 | 16-05-2024 |
| FO | Rs. 54209.33 | Rs. 55041.54 |
| LDO | Rs. 66860 | Rs. 64680 |
Furnace oil (FO) price went up on 16th May, 2024 for the second half of May 2024 in Visakhapatnam. In Visakhapatnam, FO prices rose by Rs.832 per KL or 1.53% up to Rs.55041.54 per KL. Furnace oil price increased by Rs.860 per Mt. or 1.52 pct to Rs.57360 per Mt.
Light diesel oil (LDO) price decreased Rs.2170 per KL or 3.26 pct to Rs.64680 per KL for the second half of May 2024 in Visakhapatnam. In Visakhapatnam, LDO prices went down by Rs.2180 or 3.26% to Rs.64,680 per kiloliter. In Mumbai, the price of low-sulphur heavy stock (LSHS) rose by Rs.990 per metric ton or 1.7% up to Rs.59,170 per metric ton. However, the price of superior kerosene oil (SKO) remained the same at Rs. 93,400 per kiloliter.
The increases in FO and LDO prices can negatively impact industries. These fuels are crucial for activities like generating electricity, heating, and other processes in industries. This could lead to higher production costs and eventually result in higher prices for customers. It’s important for both businesses and individuals to pay attention to why prices are changing and how they might change more in the future.
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