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.
