Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

India to supply 2,200 mt/month of gasoil via rail to Bangladesh: BPC official


Rising nickel prices, Indonesia's planned export ban on unprocessed ore, pose global challenges


Platts Market Data – Oil

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 8th Annual

LNG | Natural Gas

Petronet deal endorses Tellurian business model in crowded US LNG field

India to supply 2,200 mt/month of gasoil via rail to Bangladesh: BPC official


Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports

Supply and demand trends, government actions, exploration and technology

Daily futures summary

Weekly API statistics, and much more

India has agreed to supply 2,200 mt/month of 0.035% sulfur gasoil from the Numaligarh refinery to Bangladesh via rail for 15 years, Bangladesh Petroleum Corporation director of operations and planning Sayed Mohammad Mozammel Haque said Wednesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

State-owned BPC has agreed to pay a premium of $5.50/b to Mean of Platts Arab Gulf gasoil assessments on a CFR basis for the cargoes, Haque said.

BPC had earlier imported several gasoil lots via rail from the Numaligarh refinery, owned by Indian state-run Bharat Petroleum Corporation Ltd or BPCL, at a premium of $7/b to MOPAG gasoil assessments, CFR, under a "friendship gesture," he added.

BPC and BPCL agreed to lower the premium and continue the trade at a meeting held in India last week, Haque said.

He said BPC has been importing gasoil from the international market at a premium of around $2.50/b to MOPAG gasoil assessments, CFR, and while BPCL's premium was higher, import costs via rail were lower than by sea.

BPC currently imports around 3.5 million mt/year of gasoil to meet domestic demand. PIPELINE AGREEMENT

During the meeting, BPC and BPCL also reached agreement over a contentious 130 km (81 mile) gasoil pipeline, with BPCL agreeing to bear the entire cost of construction and BPC to import gasoil via the pipeline for 15 years.

BPCL had earlier said it would fund the construction from Indian credit lines instead of from its own coffers, which was opposed by BPC, resulting in a delay in the project, Haque said.

BPCL will export around 1 million mt/year of 0.2% sulfur gasoil to Bangladesh for 15 years via the pipeline at a premium of $5.50/b to MOPAG gasoil assessments on a CFR basis, he said.

The pipeline will initially carry around 300,000 mt/year of gasoil before ramping up gradually to 1 million mt/year. Gasoil demand is around 1.1 million mt/year in 16 districts in northern Bangladesh, Haque said.

The route for the 130 km pipeline has been finalized and will go via Panchagarh, Nilphamari and Dinajpur in Bangladesh to storage tanks at Parbatipur. Only 5 km of the pipeline is in India.

--Mohammad Azizur Rahman,

--Edited by Wendy Wells,