India’s HPCL hikes Group I base oils prices effective 1 Sept

02 September 2013 06:18  [Source: ICIS news]

BRISBANE (ICIS)--India’s Hindustan Petroleum Corporation Limited (HPCL) has raised its domestic prices for some grades of Group I base oils effective 1 September, market sources said on Monday.

The company’s prices for SN150 were increased by Indian rupees (Rs) 8.00/litre ($0.13/litre), SN500 by Rs9.10/litre while brightstock prices were raised by Rs10.40/litre, they said.

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

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