MRPL sells naphtha at sharply higher premiums amid strong market fundamentals

17-Jul-12

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold gasoline, gasoil and naphtha at sharply higher premiums in reflection of strong fundamentals, as per Reuters. 25,000 tons of 92-octane gasoline was sold for Aug. 5-7 loading to Gunvor at premiums of US$3.75 a barrel to Middle East quotes on a free-on-board (FOB) basis. 35,000 tons of naphtha was sold to PetroChina for Aug. 8-10 loading at premiums of US$29.50/ton to Middle East quotes on a FOB basis. 40,000 tons of 0.5% sulphur gasoil was sold for loading over Aug. 1-3 to trader Trafigura at a premium of about US$3 a barrel above Middle East quotes.