:: Industrial Fuels --- ID :: 16656
Furnace Oil (F.O) and Light Diesel Oil(LDO) prices increased massively on 01/10/2019
FO prices are increased by 16.27% while LDO prices are revised up by 5.77%

By Srinivas Chowdary Sunkara // petrobazaar // 01-10-2019.

Furnace Oil (F.O) and Light Diesel Oil (LDO) are the fuels largely used as a fuel to generate electricity and heat in different sectors. Being market linked, Both Furnace Oil (FO) and Light Diesel Oil (LDO) prices are changed by Oil marketing companies (OMCs) on a fortnightly basis in India.


As We predicted, In India, Industrial fuel oil prices are increased massively wef 01/10/2019 , for the first fortnight of October across all the oil marketing company depos. The  Furnace oil (F.O) basic prices are revised up by Rs.5360 per KL to Rs.38350 per KL and the Light Diesel Oil (LDO) prices are increased by Rs.2420 per KL to Rs.44390/- per KL from Visakha depo wef 01/10/2019. Furnace oil (F.O) prices are spiked by 16.25% and Light Diesel Oil (LDO) prices are up by 5.77% pct as on today from previous revision. An upsurge in world crude and bunker markets fueled by the depreciation of rupee against $ contributed to the upside tick of industrial fuel oil prices in India.


Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or
reproduced in part or whole without the prior written permission of petrobazaar.com