Tata Power Said to Buy Low-Sulfur Fuel Oil Shipments From Vitol

Tata Power Co. (TPWR), India’s largest non-state utility, bought two cargoes of low sulfur fuel oil from Vitol Group for loading between April to June, according to three traders with knowledge of the transactions.

Details of the company’s purchase are:

Product:       Fuel oil with 0.3 percent sulfur content
Quantity:      Two cargoes of 25,000-tons each
Loading:       End-April; May to June
Price:         About $160 a ton premium against benchmark
               Singapore prices for the May to June cargo.

To contact the reporters on this story: Winnie Zhu in Singapore at wzhu4@bloomberg.net; Pratish Narayanan in Mumbai at pnarayanan9@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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