By Srinivas Chowdary Sunkara // petrobazaar // 1st June, 2022.

Furnace Oil (F.O), Light Diesel Oil (LDO), Superior Kerosene Oil (SKO) – Industrial , Low Sulphur Heavy Stock(LSHS) and Petcoke are the Industrial fuels largely used as a fuel to generate electricity and heat in different sectors. Being market-linked, Furnace Oil (FO), Light Diesel Oil (LDO) Superior Kerosene Oil (SKO), Low Sulphur Heavy Stock(LSHS), Petcoke prices decreased by Oil marketing companies (OMCs) on a fortnightly basis in India.

As We predicted, In India, Industrial fuel oil prices decreased on 1/6/2022 , for the first half of June across all the oil marketing companies. The  Furnace oil (F.O) basic prices are revised down by Rs.4570 to Rs.64249.82 or 6.64% per KL, Light Diesel Oil (LDO) prices are revised down by Rs.4420 or 5.06% to Rs.83000/- per KL from Visakha depo, Superior Kerosene Oil (SKO-Industrial) prices are down by Rs.8450 per KL to Rs.104192.85 per KL from VJA depo, Low sulphur heavy stock (LSHS) prices in Mumbai dropped by Rs.4770 to Rs.69250/- per MT while Petcoke prices kept unchanged by Rs.22260 wef 1/6/2022.

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