India’s MRPL signs six-month diesel export deal with BP

Indian refiner Mangalore Refinery and Petrochemicals Ltd (MRPL NSE 0.35 %) has signed a six-month deal to supply BP with 80,000 tonnes of diesel per month from October, said two trade sources close to the matter.

MRPL will supply diesel to BP for the Australian market at a premium of about $1.40 a tonne for the six months, the sources said, with pricing based on the average of Argus and Platts’ Mideast Gulf spot assessments of 10ppm sulphur gasoil.