By Srinivas Chowdary Sunkara // petrobazaar // 25th Nov, 2019.
Furnace Oil (F.O), Light Diesel Oil (LDO), Superior Kerosene Oil (SKO) - Industrial , Low Sulphur Heavy Stock(LSHS) and Petcoke - Industrial are the 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) and Petcoke prices are changed by Oil marketing companies (OMCs) on a fortnightly basis in India.
As We predicted, In India, Industrial fuel oil prices are reduced wef 16/11/2019 , for the second fortnight of November across all the oil marketing company depos. The Furnace oil (F.O) basic prices are revised down by Rs.520 per KL or 1.91% to Rs.26709 per KL, Light Diesel Oil (LDO) prices are decreased by Rs.350 per KL or 0.86% to Rs.40230/- per KL from Visakha depo, Superior Kerosene Oil (SKO-Industrial) prices are unchanged at Rs.58473.85 from Vijayawada depo, Low sulphur heavy stock (LSHS) prices have fallen by Rs.1090 or 3.7% at Rs.27660/- per Mt and Petcoke prices are reduced by Rs.670 or 10.45% at Rs.5740/- per Mt wef 16/11/2019 followed by a massive downside revision for last fortnight.
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