India's Bharat Petroleum Corp Ltd is looking to buy gasoline, a tender document showed, the first import of the fuel it has sought this year based on Reuters data. Industry sources said the refiner was seeking gasoline as demand has returned, with more people going to work and preferring private vehicles to public transport, while refinery output remains low. The tender, which closes on Sept. 18, showed that BPCL was looking for 20,000 tonnes of 91.5-octane grade gasoline, with a maximum content of 8 parts per million sulphur, for Oct. 7-11 arrival at Kandla.
Global gasoline and diesel demand is expected to return to pre-pandemic levels by the end of next year, although a resurgence in COVID-19 cases would keep consumption fluctuating, several senior industry executives said on Monday. The path towards recovery is likely to be rocky, and the energy industry should be ready to meet demand shocks with adjusted refinery output and sufficient storage to cope with excess supplies when they emerge, the executives said. "A second wave or a continued set of outbreaks that has an impact on demand is ... the most likely shock that the oil market needs to be considering in the next 12 to 24 months," Giovanni Serio, global head of research at commodity trader Vitol, said at the virtual Asia Pacific Petroleum Conference.
Cade, Brazil's anti-monopoly regulator, has recommended that some of the nation's largest fuel distributors be found guilty of anticompetitive practices in the aviation gasoline market, BR Distribuidora said on Friday night. In a securities filing, Petrobras Distribuidora SA <BRDT3.SA>, as the country's top fuel distributor is formally known, said that it was found at fault alongside competitors Raizen and Air BP, for anticompetitive practices at Sao Paulo's Guarulhos airport, Brazil's busiest.