Indonesia's Sep gasoline imports to rise to 10.44 mil barrels: sources
Indonesia's state-owned Pertamina is expected to import around 10.44 million barrels of gasoline in September, up from 10.11 million barrels in August, trade sources said this week.
The September estimate includes about 9.4 million barrels of 88 RON gasoline, up from 8.47 million barrels in August.
The increase in 88 RON gasoline imports could be due to the upcoming Eid al-Adha holiday on September 24, when demand typically rises.
September imports of 92 RON finished grade gasoline and high octane mogas component of 92 RON gasoline were estimated at 600,000 barrels and 400,000 barrels, respectively.
This was down from estimated imports of 800,000 barrels for each grade in August.
Pertamina has also secured 40,000 barrels of 95 RON gasoline for September delivery, steady from August.
For September, Pertamina has previously issued two spot tenders, seeking 100,000 barrels of 92 RON gasoline for September 9-11 delivery into Merak and 40,000 barrels of 95 RON gasoline for delivery over September 3-5 into Tanjung Uban.
Award details could not be confirmed.
In the third quarter of 2015, Pertamina is expected to import around 10.52 million barrels/month of gasoline, steady from around 10.42 million barrels/month in Q2.
- Published on:
- September 1, 2015
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