FO LDO price in India revised down as on 16th June 2024
| PRODUCT | 01-06-2024 | 16-06-2024 |
| FO | Rs. 54939.33 | Rs. 53339.33 |
| LDO | Rs. 63360 | Rs. 61960 |
FO LDO price on June 16th 2024 reduced in India. Furnace Oil (FO) basic price reduced by Rs.1600 per KL or 2.91 pct to Rs.53339 per KL. Furnace oil (FO) basic price decreased Rs.1670 per metric ton (MT) or 2.91 pct to Rs.55590 per Mt. from Visakhapatnam depo.
LDO prices fell by Rs. 1400 per KL or 2.21% bringing down to Rs. 61,960 per KL. from Visakah depo wef 16th June, 2024. Superior kerosene Oil (SKO)n price remained unchanged at Rs. 93,400 per kiloliter.
Although FO and LDO prices have decreased slightly, high oil prices can still negatively impact industries. These fuels are crucial for generating electricity, heating, and other industrial processes. Higher fuel costs can increase production expenses, which might lead to higher prices for consumers. It’s important for businesses and individuals to keep track of these price changes and think about how they might affect future costs.
