Sri Lanka emerged with a tender to buy 318,750 barrels of 92-octane grade petrol for March 20-21 arrival at Colombo while Indonesia's Pertamina was seeking 200,000 barrels of 88-octane grade for March lifting from either Singapore or Malaysia. These tenders came at a time when India was also seeking petrol to cater to its local demand.
India's Hindustan Petroleum Corp Ltd (HPCL) sold up to 24,000 tonnes of naphtha for Feb. 27 to March 1 loading from Mumbai at premiums around the mid-single digit a tonne level to its own price formula on a free-on-board (FOB) basis. Indian Oil Corp (IOC) sold up to 35,000 tonnes of naphtha for Feb. 26-28 loading from Chennai more than a week ago to BP at premiums at about $23 a tonne to its own formula on a FOB basis.