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June 17, 2008 Tuesday Jamadi-us-Sani 12, 1429



PSO buys gas oil


SINGAPORE, June 16: Pakistan State Oil (PSO) bought via tender at least 300,000 tons of gas oil for June to October delivery at premiums of $7.60 to $9.30 a barrel to Middle East quotes, a trade source said on Monday.

The six cargoes of 0.5 per cent sulphur gas oil, bought on a cost-and-freight (C&F) basis to Port Qasim or Keamari, will be delivered between second-half June and September.

PSO has the option to buy an additional 150,000 tons of gas oil for July-October delivery.

—Reuters







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