| PRODUCT | 01-03-2024 | 16-03-2024 |
| FO | Rs. 47839.33 | Rs. 48431.54 |
| LDO | Rs. 66470 | Rs. 65620 |
FO LDO prices changed. FO prices up. LDO prices decreased. During the second half of March 2024, there was a significant surge in the prices of Furnace Oil (FO), and Low Sulphur Heavy Stock (LSHS) in India. The prices of Light Diesel Oil (LDO) saw a decline in India. FO prices increased 1.2% increased to Rs.48,431.54 per KL at HPCL, Vizag depo. FO prices rose by Rs.610 per MT or 1.2%, reaching Rs.50,470 per MT in HPCL, visakhapatnam. LDO also saw a decrease of 1.3%, reaching LDO price at Rs.65,620 per KL from HPCL , visakhapatnam. LSHS price similarly increased by 1.1%, reaching Rs.52,120 per MT from Mumbai. Notably, Superior Kerosene Oil (SKO) price stable at Rs.93,400 per KL.
These higher prices could impact industries that heavily rely on these fuels. It might affect activities such as generating electricity, providing heating, and other industrial operations, which could potentially increase production costs and result in higher prices for consumers down the line. It’s important for both businesses and individuals to monitor the reasons behind these changes and how they might persist in the future.
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