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Bitumen Price Today ₹44000-54000/MT | Fuel Oil Base Oil Rates

Check petroleum product prices: bitumen VG 30 ₹46-52/kg, VG 40 ₹48-54/kg, fuel oil ₹45-55/kg, base oil ₹85-140/kg. IOC BPCL HPCL supplies. Bulk tanker delivery for road construction and industrial use.

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Bitumen VG30 Drum

Imported

EX - Kandla

₹92,000/MT
17.95 %2 days ago

Bitumen VG30 Bulk

Imported

EX - Pithampur

₹84,250/MT
11.59 %2 days ago

Bitumen VG30 Bulk

Imported

EX - Mangalore

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Bitumen VG30 Drum

Imported

EX - Mundra

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Bitumen VG30 Bulk

Imported

EX - Mathura

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Bitumen VG30 Bulk

Imported

EX - Karwar

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Petroleum Products Market

India is the third-largest consumer of petroleum products globally with demand exceeding 220 million tonnes annually. The country has a refining capacity of over 250 million tonnes through PSU and private refineries.

Key petroleum products include fuels (petrol, diesel, ATF), feedstocks (naphtha, LPG), and industrial products (bitumen, lubricants, fuel oil). Pricing follows international crude oil movements with varying degrees of government control across products.

Industrial Petroleum Products

Major industrial petroleum products include:

Bitumen: Used in road construction and waterproofing. Available in VG 10, VG 30, VG 40 grades and modified variants.
Fuel Oil: Industrial heating fuel for boilers and furnaces. Available as FO, LSHS, LDO.
Lubricants: Industrial oils for machinery including hydraulic, gear, compressor, and specialty oils.
Petroleum Coke: Solid fuel and anode material for aluminum smelting.

Energy & Petroleum – Frequently Asked Questions

What's bitumen trading at per MT?

Bitumen prices by grade - VG 10 is ₹44000-48000/MT VG 30 runs ₹46000-52000/MT and VG 40 is ₹48000-54000/MT. Modified bitumen (PMB and CRMB) costs 20-30% more. IOC BPCL and HPCL set prices fortnightly based on crude oil. Road contractors typically buy in bulk tankers.

Which bitumen grade should I use for roads?

VG 30 handles most Indian roads perfectly - works well in our tropical climate with moderate traffic. Go with VG 40 for heavy-traffic highways and airports where the pavement takes more stress. VG 10 is for cold regions and spray applications. For expressways and bridges with heavy truck loads you'll want modified bitumen (PMB or CRMB).

What's fuel oil running?

Furnace oil (FO) costs ₹45-50/kg LSHS (Low Sulphur Heavy Stock) is ₹50-55/kg and LDO (Light Diesel Oil) runs ₹70-80 per liter. These follow crude oil with about a 15-day lag. Used mainly for industrial boilers furnaces and backup power in manufacturing plants.

Base oil pricing?

Base oil varies a lot by grade - Group I SN150 is ₹85-95/kg Group II runs ₹95-110/kg and Group III synthetic base is ₹120-140/kg. Lubricant blenders buy these to make finished products. Available from both refineries and importers depending on the grade.

How do petroleum product prices get set?

They follow crude oil (Brent/Dubai basket) plus refining margin taxes and freight. Oil marketing companies (IOC BPCL HPCL) revise industrial product prices every fortnight. Retail fuel prices change daily now. For bulk industrial purchases rates are negotiable based on volume and relationship.

What paperwork do I need to buy bitumen?

You'll need GST registration and a purchase order for credit terms. Provide vehicle details for delivery coordination. Bulk orders may need advance payment or an LC arrangement. You'll get a quality certificate showing the VG grade penetration value and softening point with each delivery plus a weighment slip.

How do I buy petroleum products in bulk?

OfBusiness handles bitumen fuel oil base oil and lubricants from IOC BPCL HPCL and private suppliers. We arrange bulk tanker delivery with proper quality documentation. Get quotes from multiple suppliers and compare - volume discounts are common in this space.

Bitumen Price Today ₹44000-54000/MT | Fuel Oil Base Oil Rates

Top Category

Energy & Petroleum Most Viewed Prices

Bitumen VG30 Drum

Imported

EX - Kandla

₹92,000/MT17.95 %2 days ago

Bitumen VG30 Bulk

Imported

EX - Pithampur

₹84,250/MT11.59 %2 days ago

Bitumen VG30 Bulk

Imported

EX - Mangalore

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Bitumen VG30 Drum

Imported

EX - Mundra

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Bitumen VG30 Bulk

Imported

EX - Mathura

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Bitumen VG30 Bulk

Imported

EX - Karwar

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Editorial: Wait for a weakened Don

Brent Tops $110 as Tanker Attacks Threaten Persian Gulf Supply

Canada's Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%

Iraq's October Oil Exports Top 3.4 Million Bpd, Nearing Pre-War Levels

Qatari LNG Cargo Heads Through Red Sea to Europe in Rare Suez Run

Japan’s Electricity Prices Surge 25% as LNG and Coal Costs Soar

Türkiye to Receive Russian Diesel Under Trump Deal... William Faulkner19-October-2026

Record Oil Tanker Rates Squeeze Asian Refiners as Freight Costs Surge

India's Crude Oil Import Bill Soars 46% as Middle East Crisis Drives Up Prices

Asia top stories – weekly summary

Oil Prices Slip as Trump-Putin Diesel Deal Raises Supply Hopes

Northwest European sour crude outlook constructive amid wide sulfur spread

The chairmen of Petrovietnam and Petrolimex share the 'behind-the-scenes' story of supplying 25 million barrels of oil and reducing fuel prices for the people.

INSIGHT: Lessons from petrol subsidy exit and how FG can ensure successful power subsidy reform

The alchemy of black gold: inside India's multi-billion-dollar push to turn coal into cheap industrial gas

Indian refiners' fuel exports to the West jump 43% as they keep processing Russian crude

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Petroleum Products Market

Industrial Petroleum Products

Energy & Petroleum – Frequently Asked Questions

₹92,000/MT
17.95 %2 days ago

₹84,250/MT
11.59 %2 days ago

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India’s Energy Security Push Puts Refining Power at the Centre
1
3

National Mineral Policy Review Puts India’s Resource System at a Crossroads
4
18

Gujarat Vehicle Sales Surge Reveals a Costlier Urban Shift
10
9

Europe gas trades at 2022 highs as Houthi strikes trigger supply fears
5
10

ACMobility Opens Manila's First EV Charging Hub
2
19