Singapore: HPCL seeks April-June stem

Singapore, Feb 26: Hindustan Petroleum Corp. Ltd. (HPCL) has issued a tender to buy a total of 60,000 tonnes of 92-octane Euro 3 gasoline for April-June delivery, a trading source said on Monday.

The tender will close on Monday and offers should remain valid until Tuesday.

In this tender, HPCL is seeking three 20,000-tonne cargoes to be delivered April 20-25, May 10-15 and May 28-June to Kandla and Mumbai.

For each 20,000-tonne size cargo, 15,000 tonnes will be discharged in Kandla and the other 5,000 tonnes will be discharged in Mumbai.

In its previous tender, HPCL bought 40,000 tonnes from European trader Vitol.

Reuters