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Kerosene is called by different names as kerosine, paraffin or paraffin oil. It is a combustible hydrocarbon liquid which is predominantly utilised as a fuel. Kerosene is a blend of hydrocarbons in its chemical form. In general, it appears pale yellow in colour, or is colourless. The boiling point of kerosene is between 150 and 300 °C and is believed to be one of the supposed middle distillates of crude oil and diesel fuel. It does not have an unpleasant smell and is produced from petroleum. Kerosene is utilised for burning in kerosene lamps and home heaters or furnaces.
The leading kerosene producer in the world is the United States. The other primary countries include China, the Republic of Korea, Japan, and the Netherlands.
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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 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 trend, 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:
Though kerosene utilisation in several places has come down over the years due to the enhanced availability of electricity and natural gas, it is still being employed predominantly in emerging countries of the world for cooking, heating, and lighting. The basic fuel used in commercial jets is significantly superior quality straight-run kerosene, and numerous military jet fuels are combinations that are made on the basis of kerosene chemicals. In addition, in several countries, such as Ireland and the United Kingdom, the fuel is widely utilised in lanterns and kerosene lamps. Moreover, kerosene is generally believed to be an excellent substitute for solid fuels, biomass, and coal; hence, it is used in areas without electricity availability.
Key Players:
- Royal Dutch Shell (Shell)
- Chevron Corporation
- Exxon Mobil Corporation
- BP p.l.c.
- LUKOIL
News & Recent Development
- March 01, 2023: Sinopec Corp, the leading energy company in China, recently announced that it has begun developing a project costing USD 1.56 billion (CNY 10.8 billion) in the northern subsidiary refinery to produce more exclusive and upmarket chemicals. As per Sinopec, this project, which is being built near Sinopec's Shijiangzhuang refinery in Hebei province, comprises 12 facilities, such as a 3 million tonne-per-year (tpy) catalytic cracker, a 700,000-tpy gasoline hydrotreating unit and 100,000-tpy epichlorohydrin unit. One of the important chemical products produced in this new refinery would be utilised in the production of cosmetics and superior-performance plastics. Based on the national objective to attain the highest carbon emissions by 2030 and carbon neutrality by 2060, companies under national energy like Sinopec have vowed to multi-billion-dollar investments in green segments, including renewable energy, carbon capture, and cleaner refining.
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