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 changed a little wef 01/07/2019 , for the first fortnight of July across all the oil marketing company depos. The Furnace oil (F.O) basic prices are revised down by Rs.650 per KL , Continuing previous downside revision while Light Diesel Oil (LDO) prices are increased moderately by Rs.280 per KL as on 01/07/2019 in line with Bunkering markets trend across the ports during the recent weeks. Furnace oil (F.O) are down by 9.72% and Light Diesel Oil (LDO) prices are decreased by above 5% pct since the beginning of the financial year.
As per the publications of oil marketing companies, At Visakha depo, Furnace oil (F.O) prices are revised down by Rs.650/KL to Rs.32720/KL and LDO prices are increased by Rs.280 at Rs.40990/KL. In the Singapore market , IFO 180 cSt and 380 cSt graded fuel oil prices were advanced by $49.5 or 11.75% where as the rupee was appreciated by 73 paise against $ during the last fortnight.
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