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.