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Pakistan State Oil seeks 300,000 T gasoline for May-July

April 02, 2013

Pakistan State Oil — File Photo

SINGAPORE: Pakistan State Oil is seeking 300,000 tonnes of gasoline for delivery over May to July, volumes consistent with previous requirements, a tender document showed on Tuesday.

The state-owned company is seeking six cargoes of 50,000 tonnes each of the oil product for delivery into Keamari.

The tender closes on April 16 and is valid until April 23.

PSO has changed certain specifications for its gasoline cargoes, including lowering the sulphur content and introducing a benzene content limit, a source close to the matter said.

It is now requiring the sulphur content of gasoline cargoes to be lowered to 500 parts per million from 1,000 ppm. But the market impact might be minimal as sellers were already meeting the new tougher specifications, the source added.

The company has no immediate plans to change the sulphur content of diesel, however, as domestic refineries have yet to upgrade secondary units, the source said.

PSO is expected to issue a fuel oil import tender next week, industry sources said.