By Srinivas Chowdary Sunkara // petrobazaar // 16th Oct, 2018
As we predicted and notified to our viewers, Furnace oil (F.O) and Light Diesel Oil (LDO) prices are increased rapidly while Bitumen prices are decreased moderately wef 16th October, 2018 by Indian oil marketing companies for all the domestic supplies across the country.
In Visakha depo, Furnace Oil (F.O) basic prices are spiked by Rs.3559 per kl or Rs.3709 per Mt. and the basic price of Light Diesel Oil (LDO) is soared up by Rs.3110 per KL. The LSHS is priced up by Rs.3710 per Mt and the SKO (Superior Kerosene Oil) – Industrial use edged up by Rs.1579 per KL from Visakha terminal.
Turning to Bitumen prices, Bitumen VG 10 Bulk, Bitumen VG 30 Bulk , Bitumen VG 10 pkd and Bitumen VG 30 pkd basic prices are lowered by Rs.1280 per Mt while Bitumen VG 40 Bulk basic prices are trimmed by Rs.1479 per Mt. All the other product prices are remained unchanged. Volatility in bunkering market along with the rupee rout caused to burden the industrial consumers in India.
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