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.
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