Govt finalises gasoil, fuel oil imports for 2015

Bangladesh Petroleum Corp (BPC) has finalised imports of 2.5 million tonnes of gasoil and 840,000 tonnes of fuel oil with 10 suppliers for 2015, two company sources said Monday, reports Reuters.
State-owned BPC imported 2.85 million tonnes of gasoil and 860,000 tonnes of fuel oil in 2014.
For the first half of 2015, BPC has already negotiated lower premiums for the oil products than the current six month period after concluding negotiations with 10 companies, including two new suppliers Turkish Petroleum and Brunei Petroleum.
The premium for fuel oil 180-centistoke for the first half of next year will be $29.95 a tonne to Singapore spot quotes,down from $34 for current term cargoes and from $35 a year ago,BPC told Reuters last month.
BPC's gasoil with 2,500 ppm sulphur contract for
January-June period is at a premium of $4.50 per barrel over Middle East quotes, down from $4.80 per barrel for the second half of 2014.