Furnace Oil (FO) and Light Diesel Oil (LDO) prices are increased wef 182019

Check out for Prices!

By Srinivas Chowdary Sunkara // petrobazaar // 1st August, 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 again increased wef 1/08/2019 , for the first fortnight of August across all the oil marketing company depos. The  Furnace oil (F.O) basic prices are revised up by Rs.0 per 1390/- KL , after a sharp spike in the last revision while Light Diesel Oil (LDO) prices are increased by Rs.660 per KL as on 1/08/2019 with an inverse trend with Bunkering markets  across the ports during the recent weeks. Furnace oil (F.O) are surged up by 12% and Light Diesel Oil (LDO) prices are spiked by above 4.5% pct .

As per the publications of oil marketing companies, At Visakha depo, Furnace oil (F.O) prices are revised up by Rs.1390/KL to Rs.36760/KL and LDO prices are increased by Rs.660 at Rs.42820/KL. In the Singapore market , IFO 180 cSt and 380 cSt graded fuel oil prices were slumped by $43 or 8.33% where as the rupee was depreciated by 31 paise against $ during the last fortnight.


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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