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BPCL sells total of 95,000 tonnes of naphtha for May and July loading: Report

27 Apr 2015 Evaluate

Bharat Petroleum Corporation (BPCL) has reportedly sold a total of 95,000 tonnes of naphtha for May and July loading, its largest sale in a single tender this year. Premiums garnered range from the high teen levels a tonne to the low $20s a tonne to West Asia quotes on a free-on-board (FOB) basis, lower than some of its most recent spot sales, as this came at a time where sellers expect high volumes of western cargoes to arrive in Asia in May and June.

BPCL had previously sold an April spot cargo at a premium of $28 and a cargo out of Kochi for March loading at a premium of $30.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

BPCL Share Price

312.05 4.05 (1.31%)
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Reliance Industries 1365.10
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