Naphtha sold from India this week remained at high premium levels.
Hindustan Petroleum Corp Ltd (HPCL) for instance sold two cargoes for second-half October loading from Vizag this week at premiums in the high $20s a tonne to its own price formula on a free-on-board (FOB) basis.
One of the cargoes was sold to BP and another to a Western trading house.
The fresh premiums were up from the low $20s a tonne premium it had previously fetched from Aramco Trading following the attacks.
The current premiums are also the highest HPCL had fetched since 2015 for naphtha sold out of Vizag, Reuters data showed. HPCL has an outstanding tender to sell a cargo out of Mumbai for October 20-22 loading. IOC is also looking to sell a total of 70,000 tonnes of naphtha this week.