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Indian oil refiner BPCL buys gasoline cargo for March in rare move

February 28/2019

MOSCOW (MRC) - Indias Bharat Petroleum Corp Ltd has bought a gasoline cargo for first-half March arrival, two trade sources said, said Hydrocarbonprocessing.

BPCL bought late last week 35,000 tons of 91.5-octane gasoline at a low single-digit premium to Singapore quotes on a cost-and-freight (C&F) basis, said the sources.

Both sources said strong demand and low gasoline prices amid a glut of the fuel likely prompted the refiner to import.
BPCL does not typically comment on its tender purchases or sales.

Based on Reuters data, BPCL last imported a gasoline cargo for arrival in May last year at Kochi and Haldia.
Author:Anna Larionova
Tags:petroleum products, petrochemistry, Crude oil, Bharat Petroleum, India.
Category:General News
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