Analyzing Kerosene Prices: Historical Trends, Charts, and Future Forecasts by Procurement Resource

Kerosene

Kerosene is a colourless to pale yellow appearing liquid hydrocarbon derived from petroleum and is a well-known form of fuel. It is produced in a distillation tower where crude oil undergoes the refining process. It is a hydrocarbon mix usually comprising about ten different hydrocarbons, with each one comprising 10 to 16 carbon atoms per molecule. It is less combustible than gasoline and has a higher flashpoint which makes it a fuel that is much safer to handle and store.

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It has various properties and benefits, including it being less likely to cause carbon monoxide poisoning, Bing cheaper than gas, being better for the environment, being non-corrosive, having a long shelf life and being easily stored in a tank under controlled conditions.

The top exporters of kerosene are South Korea, Kuwait, Singapore, Venezuela, and the Netherlands and its top importers are The United States, Germany, Areas, The United Kingdom and India.

Key Details About the Kerosene Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the kerosene price forecast in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Kerosene Price chart, including India Kerosene price, USA Kerosene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Kerosene Price Trend:

Kerosene is mainly employed as a fuel that is used to power domestic heaters, kerosene lamps and furnaces and as a fuel in aviation and jet engines. As a result, its role as a fuel is the main driver propelling its market demand. Furthermore, it also serves as a solvent used in many greases and insecticides, as a cleaning agent, for central heating systems, and for cooking and lighting applications. Other users of the commodity include its role as a replacement for biomass, fuel and coal.

Key Players:

  • Royal Dutch Shell (Shell)
  • Chevron Corporation
  • Exxon Mobil Corporation
  • BP p.l.c.
  • LUKOIL

News & Recent Development

  • 7 January 2023- Bharat Petroleum Corp has declared the launch of a new low-smoke superior kerosene oil (SKO) for the army in Jammu, India.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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