Hindustan Petroleum Corp Ltd (HPCL) has bought gasoline for October delivery in a rare move to plug a temporary shortfall caused by maintenance and an outage. The state-owned refiner was said to have paid about $6.00 to $6.30 a barrel to Singapore quotes on a cost-and-freight (C&F) basis. The volumes HPCL bought were not immediately clear but it had earlier sought a 13,000-tonne cargo and a 15,000-tonne parcel for October 6-8 arrival at Vizag, where its 166,000 barrels-per-day (bpd) refinery has been running at reduced rates due to a fire.
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