India's Reliance has submitted the best offer into Sri Lanka's tender to buy gas oil and gasoline for June 16-17 delivery, a company source said on Thursday.
Reliance had offered to sell 25,000 tonnes of gas oil to Sri Lanka's state-owned Ceylon Petroleum Corp (Ceypetco) at a premium of 81 cents per barrel over Singapore quotes, said the source.
Reliance had also offered to sell 10,000 tonnes of 90-octane gasoline at a premium of $1.56 a barrel over the same benchmark, and 5,000 tonnes of 95-octane gasoline at a $1.74 per barrel premium.
"This is a combined cargo. Reliance on
Two other offers came from Petroplus Dubai and Vitol. The premiums for gas oil were heard at 80 cents and 69 cents a barrel, respectively, while the premiums for 90-octane gasoline stood at $2.65 and $4.83.
Their premiums for 95-octane gasoline were $2.65 and $5.13.
The tender would be awarded later on Thursday, the source said.
Ceypetco last bought via tender 40,000 tonnes of gas oil at a premium of 24 cents a barrel over Singapore spot quotes on a cost-and-freight Colombo basis between May 16-17.
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