Bid & Tender


HPCL Buys 120000 Tonnes Petrol for Sept-Oct Delivery; Still Seeking More

Hindustan Petroleum Corp Ltd is seeking more petrol after having purchased more than 120,000 tonnes of the fuel for September to early October delivery from the spot market to plug a supply gap, industry sources said on Tuesday. The state-owned refiner has been actively seeking petrol from the spot market this year as Indian refiners undergo maintenance and upgradation to produce cleaner fuels.


HPCL recently bought the cargoes for September to early October arrival at Visakhapatnam (Vizag) and Mundra from BP, Emirates National Oil Co and Trafigura, but the premiums were not immediately available. This however could not be confirmed as the buyer and its sellers do not typically comment on their deals. HPCL's latest tender is for 30,000 tonnes of gasoline scheduled for Oct. 5-8 arrival at Vizag and offers are to be submitted by Aug. 28.


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