BPCL buys gasoline for Kandla to meet demand
This is coming at a time when motorists in India are increasingly turning to gasoline-powered vehicles
Bharat Petroleum Corporation Ltd (BPCL) has bought petrol for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender, industry sources said on Tuesday.
BPCL 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.
The fuel is of Euro IV-compliant grade and scheduled for July 18-22 arrival at Kandla port located in Gujarat state of western India.
