IOCL Bitumen Price Today
| Bulk Bitumen | Price (in Rs.) |
| VG10 (80/100) | 57562 |
| VG30 (60/70) | 58506 |
| VG40 (30/40) | 62790 |
| Packed Bitumen | Price (in Rs.) |
| Bulk Bitumen | Price (in Rs.) |
|---|---|
| VG30 (60/70) | 56064 |
| VG40 (30/40) | 59981 |
| Packed Bitumen | Price (in Rs.) |
| VG10 (80/100) | 66294 |
How does the IOCL bitumen price affect the global economy?
Generally speaking, IOCL bitumen price in the countries’ deals, exports, imports, and the global economy. as bitumen, waxes, paraffin, etc. from oil. Therefore, oil prices and and production amounts in the world. ability to affect the oil prices in the global contracts. However, some other and decisions.
Why is bitumen so expensive in India?
The main issue in India is that producing the bitumen has a high cost due to its process and its transportation, so they prefer to import bitumen from other countries such as Iran. In addition to the current IOCL bitumen price table, we have provided a PDF of bulk bitumen prices from the beginning of 2021.
What happened to bitumen prices in January 2020?
According to Bitumart’s reports, bitumen prices have decreased by about 2% in January 2020. Moreover, the bitumen emulsions have decreased compared to their last revisions. To be more specific, the bitumen VG 30 and VG 10, both steel drum and bulk, have decreased by about 2.38%. The same scenario also happened for other types of bitumen.
What is the best grade of bitumen for construction in India?
The highly demanded bitumen grades in India are paving bitumen grades. This includes penetration grade bitumen specially 60/70 and 80/100 and viscosity grades such as VG10, VG30 and VG40. Also, different grades of oxidized bitumen include 115/15 and 85/25, polymer modified bitumen and bitumen emulsion are popular in the Indian market.
What is the price of bitumen per barrel?
Bitumen 60/70 price per barrelBrent Crude Oil$120.57▲0.88%
How is bitumen sold?
In order to transport the bitumen by pipeline, it is blended with diluent on-site and shipped and sold as diluted bitumen (dil-bit). The process to get the final product to market would be: Acquire the diluent. Transport the diluent to the field.
What is Bulk bitumen?
Bulk bitumen is the most economical method of exporting bitumen for medium and large scale projects. This type of packing is cheaper than others and it has suitable transportation costs. To know more about the advantages and disadvantages, shipping condition and terms of purchase of bulk bitumen follow the article.
How much is bitumen in Kenya?
Mombasa Bitumen Price 2019WeeksAugustOctober1st week410-420 USD400-410 USD2nd week390-400 USD385-385 USD3rd week385-390 USD375-380 USD1 more row
What affects bitumen price?
The two most important of these factors are the price of oil and the amount of supply and demand in the world. Over the years, the bitumen price has been highly correlated with the oil price. Because bitumen is a by-product of crude oil. Demand in the world also controls the bitumen price.
What is bitumen sheet?
Bitumen, also known as asphalt, is a sticky, black and highly viscous liquid or semi-solid form of petroleum. Thanks to its waterproofing qualities, it is widely used in construction. Bituminous membranes are perfect for waterproofing roofs, basements, below-ground structures, bridges and other structures.
What is the meaning of bitumen grade 80 100?
Bitumen of grade 80/100 means that in the bitumen penetration test, when the needle sinks 8 to 10 mm in the bitumen, we find out that the penetration value is between 8 and 10 mm and this type of bitumen is 80/100 bitumen.
What is the grade of bitumen?
Application of viscosity grade bitumenGradeViscosity Range at 60°C (Absolute Viscosity)VG-10 Bitumen800-1200VG-20 Bitumen1600-2400VG-30 Bitumen2400-3600VG-40 Bitumen3200-4000
What is VG-10 bitumen?
VG-10 BITUMEN: VG-10 is widely used in spraying applications such as surface-dressing and paving in very cold climate in lieu of old 80/100 Penetration grade. It is also used to manufacture Bitumen Emulsion and Modified Bitumen products.
What is bitumen distributor?
Bitumen pressure distributor are used for uniformly spraying of hot asphalt cement on the road before the hot mix asphalt is laid. When hot bitumen is sprayed on the road, it acts as a binding agent between the road surface and the material and helps the HMA to gel with the surface quickly.
Why is bitumen price changing?
The reason is mainly the global corona crisis that widely affected many industries, deals, and prices. Moreover, in some countries like India, Bangladesh, and Indonesia the bitumen prices decrease when the Manson and the rainy season starts. That’s another reason for price changing.
How much has bitumen decreased in 2020?
Now, let’s look over the recent prices and their changes. According to Bitumart’s reports, bitumen prices have decreased by about 2% in January 2020.
What is bitumen made of?
Global standards define bitumen as a black or dark brown non-crystalline soil or viscous material having adhesive properties derived from petroleum crude either by natural or by refinery processes. The final price of the produced bitumen depends on the refinery procedures, the type, and the specifications of that product.
What happened to bitumen in 2019?
In June and May, Persian Gulf ship attacks, Iranian shoot-down of U.S. drone, British, and Iranian tanker seizures set a price record for 2019. The last geopolitical incident that could shake up the bitumen price in the. Middle East, was the Attacks on Saudi Aramco oil facilities, in September.
What was the challenge of the 2018 bitumen market?
Another challenge that was imposed on the bitumen market. in May 2018 was OPEC’s decision to condense the production of crude oil. Overall, the variations of bitumen prices reached their highest level during 2018. You may be surprised to find that the lowest value of bitumen this year was.
Where does bitumen come from?
They mainly derived bitumen from the vacuum bottom in oil refineries. Bitumen manufacturers refer to it as the heaviest part of crude oil, which is the base material for producing bitumen. Therefore, the VB price is extremely influential in bitumen and other petrochemical costs.
When did Brent crude oil hit $35?
With the contagion of the Coronavirus in the Middle East and Europe, as well as the closure of China’s borders, Brent crude oil hit $35 on March 9, and Brent oil has been declining since then, reaching $9 on April 21. WTI oil. price changes have followed a similar trend.
Does oil price change in the Middle East?
As we all know, as the oil value changes, the price will change undeniably. Generally, the prices in the Middle East have more fluctuations, since the U.S has more conflict with Asian countries such as China, Iraq, etc. However, European countries have complications in their economy and prices.
Does bitumen affect other particularities?
Therefore, this is a generally complicated matter that needs accurate analysis and forecasts. Subsequently, the bitumen price itself will affect some other particularities. and elements to some extent. In other words, whereas some matters impact. the bitumen price, the bitumen price itself causes some changes in some.
Is bitumen a vital material?
Bitumen Price. As you might know, it is a vital material for many industries and has. become highly applicable lately. That has many grades and by-products, all of which have various applications and uses. Except for the grades. and functions, this product has another important item that is. highly noticeable, the bitumen price.
What is the second most important factor in determining oil prices and the latest bitumen price?
Demand is the second most important factor in determining oil prices and the latest bitumen price. High economic growth has led to an increase in demand for oil, which has changed the pattern of demand in countries around the world.
What are the factors that affect the price of bitumen?
As a matter of fact, various factors affect the latest bitumen price and oil price, the most important of which is the amount of supply, demand, and reports published by international organizations. All impact the final and latest bitumen price of each day.
What are oil companies affected by?
Thus, it can be said that oil companies and oil-rich countries are strongly affected by changes in the market and the fall in oil prices and the latest bitumen price.
How does oil affect bitumen?
Oil’s direct effect on the latest bitumen price. Oil has been the driving force behind the world economy for many years. Even today, when most countries are looking for alternative fuels, life without crude oil is unthinkable. Carbon-based fuels are used in light and heavy products.
What are the factors that determine oil prices?
Reports are the third factor determining oil prices and the latest bitumen price. Reports on production, overcapacity, pricing, and investment are other factors determining crude oil prices.
What are some examples of oil price fluctuations?
The Iranian Revolution, the Iran-Iraq War, the 1973 oil crisis, and the Gulf War are the most important examples. The Asian financial crisis and the global economic crisis of 2008 and 2009 also exacerbated oil price fluctuations. Also, external factors affect the supply of crude oil and the latest bitumen price.
What is the sulfur content of crude oil?
Sour crude oil : Oil with a sulfur content of more than 0.5%.
Which countries are dominant in oil and bitumen production?
Correspondingly, some countries such as India, Iran, Saudi Arabia, and the. USA, are dominant in oil and bitumen production; therefore, they have the. ability to affect the oil prices in the global contracts. However, some other. items affect the prices, such as the countries’ deals, relations, trade wars, and decisions.
Where is HPCL located?
Hindustan Petroleum Corporation Limited (HPCL): HPCL is a part of the Oil and Natural Gas Corporation with its headquarters in Mumbai, Maharashtra. Indian traders usually look into the domestic prices of petrochemicals released by IOCL, BPCL, and HPCL before they try to import cargoes. IOCL bitumen price.
What are the major oil producers in India?
Here is a list of major producers in India: Indian Oil Corporation Limited (IOCL): IOCL is a government-owned oil and gas corporation and the headquarter is located in Delhi. Bharat Petroleum Corporation Limited (BPCL): BPCL is also a government-owned oil and gas corporation and its headquarter is located in Mumbai, Maharashtra.
Is India a bitumen buyer?
Many countries’ oil and gas consumption, bitumen and petrochemicals’ imports and exports, and constructions. have all decreased or have been suspended. As the ultimate point, India has generally acted as both the bitumen buyer. and bitumen supplier recently.
Does India have bitumen?
Bitumen price in India has a large impact on imports and exports in the world. Generally speaking,IOCL bitumen price. the bitumen price in different countries has a major rule. in the countries’ deals, exports, imports, and the global economy. As you may know, refineries produce various petrochemical substances such.
Is bitumen fixed in India?
Needless to mention that the bitumen prices are not fixed. In other words, the bitumen price in India differs from that in other countries. Here we. explain the reasons. Since bitumen exports and imports are high between countries, some items. cause the difference between prices and costs in each deal.
Bitumen Previous Prices
Note: (1) Above Prices are in Rs./MT (2) Above prices are excluding Duties, State Specific Cost and Local Taxes. Applicable from:Aug 1, 2013 BITUMEN (BULK) PORT REF (Mumbai/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Chennai) BARAUNI www.iocl.com/Products/BitumenPreviousPrices.aspx
Indian Oil Corporation :: Bitumen Prices
Note: (1) Above Prices are in Rs./MT (2) Above prices are excluding Duties, State Specific Cost and Local Taxes. Applicable from:July 16, 2013 BITUMEN (BULK) PORT REF (Mumbai/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Chennai)
Indian Oil Corporation :: Bitumen Prices
Note: (1) Above Prices are in Rs./MT (2) Above prices are excluding Duties, State Specific Cost and Local Taxes. Applicable from:June 1, 2013 BITUMEN (BULK) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai).
Indian Oil Corporation :: Bitumen Prices
BITUMEN (BULK) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai)
Indian Oil Corporation :: Bitumen Prices
Note: (1) Above Prices are in Rs./MT (2) Above prices are excluding Duties, State Specific Cost and Local Taxes. Applicable from: February 1, 2013 BITUMEN (BULK) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai).
Indian Oil Corporation :: Bitumen Prices
Note: The above prices are exclusive of State Specific Cost, Excise Duty and Local sales Tax. Applicable from: December 16, 2012 BITUMEN (BULK) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai)
Indian Oil Corporation :: Bitumen Prices
BITUMEN (BULK) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai) BARAUNI BITUMEN (PACKED) PORT REF (Mumbai/Manglore/Kochi) KOYALI MATHURA PANIPAT PORT REF (Haldia/Vizag/Chennai)