PSO seeks up to 200,000T gasoline for Oct-Dec


Pakistan State Oil (PSO) is seeking up to 200,000 tonnes of 87-octane gasoline for October-December 2010 delivery to meet robust domestic demand and plug a supply shortfall, traders said on Wednesday.

The state-owned firm is seeking the volumes via tender, which closes on Sept. 23, with offers to stay valid until Sept. 29.

Cracks, the premiums/losses obtained from refining Brent crude, fell to their lowest for this year at $2.79 a barrel premium on Tuesday due to limited East-West arbitrage trades. But demand in Asia remains healthy.

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