State run firms, Indian Oil Corp (IOC) and Bharat Petroleum Corp (BPCL) are planning to buy up to 41,000 tonnes of gasoline, after a long absence. With this initiative, companies have decided to bridge a supply gap caused by a plant outage and maintenance that coincides with summer demand.
IOC looks for 7,000 to 8,000 tonnes of gasoline for June 12 to 14 arrival at Kochi and similar volumes for June 14 to 16 arrival at Kandla through a tender which closes on May 28. BPCL is looking for 25,000 tonnes of 91-octane gasoline for delivery into Kochi over the first-half of June.