Indian Oil Corp buys 80KT kerosene for Sept/Oct

SINGAPORE, Aug 28 (Reuters) Indian Oil Corp. (IOC) has bought by tender two cargoes of kerosene totalling 80,000 tonnes for late September to October delivery, the same as its previous purchase, traders said on Tuesday.

European trader Vitol won the first 40,000-tonne cargo for delivery into Paradip/Haldia on Sept. 24-27, while state-run IOC awarded the second cargo to oil major Shell for arrival into the same port on Oct. 16-19.

The premium for both parcels was around .50-.00 a barrel to the IOC price formula, cost and freight basis.

REUTERS SBA DS1235