Commodity ratio · live
Tea to Heating Oil Futures Ratio
The tea to heating oil futures ratio is 47.11 — Tea at $207.29 per Kilogram divided by Heating Oil Futures at $4.40 per Gallan.
Prices as of Aug 24, 2026, 12:14 PM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Tea to Heating Oil Futures ratio
1.000 Kg of tea = 47.111 Gal of heating oil futures
Inverse (HO-FUT/TEA): 0.02123 — one Gallan of heating oil futures buys that much tea.
Below its 1 year average. (16th percentile of the last 1 year)
Tea
₹207.29
per Kilogram
Heating Oil Futures
$4.40
per Gallan
Unit basis: INR per Kilogram ÷ USD per Gallan. The ratio reads as Gallans of heating oil futures per Kilogram of tea. Prices as of Mon, 24 Aug 2026 12:14:19 GMT.
These two commodities are quoted in different currencies (INR and USD). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
64.90
median 65.38
1Y low
32.53
Mar 29, 2026
1Y high
90.97
Oct 19, 2025
Normal band
48.82–80.97
mean ± 1 std dev
Deviation from mean
-1.11σ
289 observations
Tea to Heating Oil Futures ratio charts
Pick a range once — it applies to the TEA/HO-FUT ratio line, the OHLC candles and the Tea / Heating Oil Futures price chart below.
TEA/HO-FUT ratio line
How many Gal of Heating Oil Futures one Kg of Tea buys, over 1Y.
TEA/HO-FUT ratio candles
Open, high, low and close of the TEA/HO-FUT ratio for each period in the last 1Y.
Tea and Heating Oil Futures prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the tea to heating oil futures ratio
Tea to Heating Oil Futures ratio = Tea price per Kilogram ÷ Heating Oil Futures price per Gallan
The two legs use different units, so the result is a rate — Gallans of heating oil futures per Kilogram of tea — rather than a plain count.
Worked example, live prices: $207.29 ÷ $4.40 = 47.11. The inverse is 0.02123.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4655.18 |
| 2 | XAG | Silver | 69.27 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.99 |
| 5 | NG-FUT | Natural Gas Futures | 2.81 |
| 6 | PL | Platinum | 1887.51 |
| 7 | PA | Palladium | 1353.70 |
Frequently asked questions
What is the tea to heating oil futures ratio today?
The tea to heating oil futures ratio is 47.11 — Tea at $207.29 per Kilogram divided by Heating Oil Futures at $4.40 per Gallan, from live mid-market prices.
How do you calculate the tea to heating oil futures ratio?
Divide the tea price per Kilogram by the heating oil futures price per Gallan. If the two units differ, the result is a rate rather than a plain count — read it as Gallans of heating oil futures per Kilogram of tea.
What is the inverse of the tea to heating oil futures ratio?
The inverse, heating oil futures to tea, is 0.02123 — how many Kilograms of tea one Gallan of heating oil futures buys.