By Srinivas Chowdary Sunkara // petrobazaar // 16th April, 2019.
Furnace Oil (F.O) and Light Diesel Oil (LDO) are the fuels largely used as a fuel to generate electricity and heat in a number of sectors in India. Being market linked, Both FO and LDO prices fluctuates on fortnightly basis.
As predicted, In India, Industrial fuel oil prices are changed mix wef 16/04/19, for the second half of April across all the oil marketing company depots. Furnace oil (F.O) prices are sagged down by Rs.150 per KL for the second week in a row while Light Diesel Oil (LDO) prices are pushed up by Rs.370 per KL as on 16/04/2019 in line with a moderate changes in Bunkering markets across the ports during the recent weeks.
As per the latest publications of oil marketing companies, At Visakha depo, Furnace oil prices are slipped by Rs.150/KL to Rs.35150/KL and LDO prices are edged up at Rs.42660/KL. In the Singapore market, IFO 180 cSt and 380 cSt graded fuel oil prices were traded 1.59% up during the recent weeks where as the rupee was depreciated against $ during the same period.