India's BPCL sells 88000 tons of June naphtha using new price formula


Bharat Petroleum Corp Ltd has sold 88,000 tons of naphtha for June loading using a formula, which includes prices from Argus Media and not just S&P Global Platts for the first time. The cargoes sold are for lifting from Mumbai and Kochi to Gunvor at premiums of US$12 and US$17/ton respectively to the new formula on a free-on-board (FOB) basis, as per Reuters. 

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