Bharat Petroleum buys more petrol for May

Gasoline demand has been given a boost from not just India but also Indonesia as seasonal peak demand kicked in.
Bharat Petroleum buys more petrol for May SINGAPORE:

* India's Bharat Petroleum Corp, an irregular gasoline importer, has bought more petrol, bringing its total purchases this month to 50,000 tonnes, traders said on Wednesday

* Gasoline demand has been given a boost from not just India but also Indonesia as seasonal peak demand kicked in

* BPCL bought 35,000 tonnes of gasoline this week for May 25-30 arrival at Kochi from Oman Trading at a premium of about $3.50 a barrel

* It recently bought 15,000 tonnes for May 24-26 arrival at Haldia, but traders said details of that deal were not known

* Strong domestic demand coupled with recent refinery maintenance in India may have prompted BPCL to seek imports, traders added