{"id":7964,"date":"2023-10-02T12:57:45","date_gmt":"2023-10-02T12:57:45","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7964"},"modified":"2023-10-02T12:57:45","modified_gmt":"2023-10-02T12:57:45","slug":"indias-bpcl-offers-first-gasoil-cargo-in-over-a-year-sources","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7964\/","title":{"rendered":"India’s BPCL offers first gasoil cargo in over a year – sources"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0India’s Bharat Petroleum Corp has offered its first spot gasoil cargo, via a sales tender, in more than a year, three industry sources familiar with the matter said on Monday.<\/p>\n

BPCL is seeking to sell at least 40,000 metric tons of 10ppm sulphur gasoil loading Oct. 26-27 from Kochi, according to a document seen by Reuters.<\/p>\n

The tender closes on Oct. 3, with same-day validity.<\/p>\n

The refiner had previously offered contractual 10ppm sulphur gasoil cargoes in April 2022, for delivery between July 2022 and January this year, Reuters records showed.<\/p>\n

This sudden offer could be due to strong profits overseas, despite a drop in domestic levies last Friday. Recent October-loading deals for India-origin gasoil are at premiums of around $6 a barrel to free-on-board Arab Gulf quotes – a rise from $4 for September loaders, one of the three sources said.<\/p>\n

The state-owned refiner previously sought to buy gasoil cargoes for end-June to early July delivery to its Mumbai refinery, likely due to planned maintenance for some diesel-producing units in its Kochi refinery, a second source said.<\/p>\n

BPCL did not immediately respond to a request for comment.<\/p>\n

Updated on