Pakistan News

Gunvor set to clinch majority of petrol tender

Gunvor set to clinch majority of petrol tender

SINGAPORE: Energy trading house Gunvor is set to supply the bulk of a gasoline tender into Pakistan after placing the lowest offers for 10 out of 12 cargoes, industry sources said.

Gunvor placed the lowest offer of between $112.90 a tonne and $139.30 a tonne above Middle East naphtha quotes for 500,000 tonnes of 87-octane gasoline for delivery over Aug 20 to October.

Total placed the lowest offer for two other cargoes totalling 100,000 tonnes of the fuel for delivery in October at premiums of $112.25 and $122.25 a tonne.

Published in Dawn, July 25th, 2015




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