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BPCL buys gasoline for Kandla to meet demand: Report

16 Jul 2019 Evaluate

Bharat Petroleum Corporation (BPCL) has reportedly bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender. The company has bought 20,000 tonnes of 91.2-octane grade gasoline at a premium of about $9 a barrel to Singapore quotes on a cost-and-freight (C&F) basis.

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.

Peers
Company Name CMP
Reliance Industries 1219.00
Indian Oil Corpn. 131.45
Bharat PetroleumCorp 300.00
HPCL 350.65
MRPL 174.60
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