Monday, June 1, 2009

PSO seeks gasoline up to 60,000T June/July


SINGAPORE ( 2009-06-01 13:06:44 ) :Pakistan State Oil (PSO) is seeking up to 60,000 tonnes of gasoline for June-July delivery, a tender document showed on Monday, the latest of tenders over recent months which traders said were to plug a production gap.PSO, which is not a regular gasoline importer, is looking to buy 30,000 tonnes of 87-octane grade gasoline for arrival during June-July on a cost-and-freight (C&F) basis to Karachi, plus another optional 30,000 tonnes.Trade sources had said PSO was importing gasoline due to lower refinery runs in the country but reasons for the lower operating rates were not clear.The tender closes on Friday with validity until June 9. PSO last sought via tender two weeks ago 60,000 tonnes of June-July gasoline but ended up buying only 30,000 tonnes.

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