LDO prices revised down.
| PRODUCT | 16-04-2024 | 01-05-2024 |
| FO | Rs. 52791.54 | Rs. 54209.33 |
| LDO | Rs. 67880 | Rs. 66860 |
FO prices jumped in Hyderabad for the sixth time in three months. Furnace oil retail selling prices increased for first half of May 2024. In Visakhapatnam, FO prices increased Rs.1417 per kl or 2.68% to Rs.54,209.33 per KL. Furnace oil prices hiked rs.1480 per mt.
LDO prices are reduced for the second time in 3 months. LDO prices decreased rs.1020 or 1.5% to Rs.66,860 per KL at visakha depo. In Mumbai. LSHS prices shot up rs.1480 per mt or 2.6% to Rs.58,180 per metric ton. However, the price of superior kerosene oil (SKO) remained unchanged at Rs. 93,400 per kiloliter.
FO LDO price increases affect industries adversely. Industries depend on these fuels for activities like making electricity, heating, and other processes. This could mean higher costs for making things, and eventually, higher prices for customers. It’s important for both businesses and people to keep an eye on why prices are changing and how they might change more in the future.
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