Furnace Oil (F.O) prices are massively decreased and Light Diesel Oil(LDO) prices have fallen moderately as on 01092019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 1st Sep, 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 decreased sharply wef 01/09/2019 , for the first fortnight of September across all the oil marketing company depos. The  Furnace oil (F.O) basic prices are revised down by Rs.3070 per KL to Rs.31240 per KL and the Light Diesel Oil (LDO) prices are decreased by Rs.690 per KL to Rs.41280/- per KL from Visakha depo wef 01/09/2019 for the second time in a row. Furnace oil (F.O) are reduced by 16% and Light Diesel Oil (LDO) prices are shrank by above 3.65= pct .


In the Singapore market , A large slump of $31 or 7.15% in the average price of  IFO 180 cSt and 380 cSt graded fuel oil prices along with the depreciation of Rs.1.55 paise against $ contributed  to the downside revision 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

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

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