Indian Oil hikes Group I SN500, brighstock base oils prices

02 August 2013 07:32  [Source: ICIS news]

BRISBANE (ICIS)--State-owned oil and gas company Indian Oil has raised its domestic prices for some grades of Group I base oils effective 1 August, market sources said on Friday.

The company’s prices for SN500 were increased by Indian rupees (Rs) 1.70/litre, while brightstock prices were raised by Rs2.40/litre, they said.

Prices of its SN70 and SN150 grades were unchanged.

The company last hiked base oil pries on 1 July.

Local sellers may have increased their prices in the domestic market because of the weakening Indian rupee and on the back of rising crude oil prices, traders said.  

($1 = Rs60.57)


By: Junie Lin



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index