By Srinivas Chowdary Sunkara // petrobazaar // 16-07-2019
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. Being market linked, Both FO and LDO prices fluctuates on fortnightly basis.
As We predicted, In India, Industrial fuel oil prices are jumped wef 16/07/2019, for the second fortnight of July across all the oil marketing company depos. The Furnace oil (F.O) basic prices are revised up by Rs.2650 per KL , After going down for two months while Light Diesel Oil (LDO) prices are increased by Rs.1170 per KL as on 16/07/2019 in line with Bunkering markets trend across the ports during the recent weeks. Furnace oil (F.O) are surged up by 8% and Light Diesel Oil (LDO) prices are spiked by above 2.85% pct .
As per the publications of oil marketing companies, At Visakha depo, Furnace oil (F.O) prices are revised up by Rs.2650/KL to Rs.35370/KL and LDO prices are increased by Rs.1170 at Rs.42160/KL. In the Singapore market , IFO 180 cSt and 380 cSt graded fuel oil prices were advanced by $73 or 15.64% where as the rupee was appreciated by 25 paise against $ during the last fortnight.
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