AGL 40.06 Increased By ▲ 0.06 (0.15%)
AIRLINK 130.61 Increased By ▲ 1.08 (0.83%)
BOP 6.82 Increased By ▲ 0.14 (2.1%)
CNERGY 4.63 No Change ▼ 0.00 (0%)
DCL 9.05 Increased By ▲ 0.11 (1.23%)
DFML 43.51 Increased By ▲ 1.82 (4.37%)
DGKC 84.25 Increased By ▲ 0.48 (0.57%)
FCCL 33.00 Increased By ▲ 0.23 (0.7%)
FFBL 78.80 Increased By ▲ 3.33 (4.41%)
FFL 11.71 Increased By ▲ 0.24 (2.09%)
HUBC 110.70 Increased By ▲ 0.15 (0.14%)
HUMNL 14.71 Increased By ▲ 0.15 (1.03%)
KEL 5.43 Increased By ▲ 0.04 (0.74%)
KOSM 8.29 Decreased By ▼ -0.11 (-1.31%)
MLCF 39.82 Increased By ▲ 0.03 (0.08%)
NBP 61.00 Increased By ▲ 0.71 (1.18%)
OGDC 199.29 Decreased By ▼ -0.37 (-0.19%)
PAEL 26.71 Increased By ▲ 0.06 (0.23%)
PIBTL 7.81 Increased By ▲ 0.15 (1.96%)
PPL 160.15 Increased By ▲ 2.23 (1.41%)
PRL 26.82 Increased By ▲ 0.09 (0.34%)
PTC 18.50 Increased By ▲ 0.04 (0.22%)
SEARL 82.89 Increased By ▲ 0.45 (0.55%)
TELE 8.28 Decreased By ▼ -0.03 (-0.36%)
TOMCL 34.50 Decreased By ▼ -0.01 (-0.03%)
TPLP 9.07 Increased By ▲ 0.01 (0.11%)
TREET 16.96 Decreased By ▼ -0.51 (-2.92%)
TRG 60.80 Decreased By ▼ -0.52 (-0.85%)
UNITY 27.55 Increased By ▲ 0.12 (0.44%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,550 Increased By 143.3 (1.38%)
BR30 31,988 Increased By 274.2 (0.86%)
KSE100 98,335 Increased By 1006.8 (1.03%)
KSE30 30,582 Increased By 389.1 (1.29%)

NEW DELHI: Asia’s gasoline margin rose on Thursday after Singapore light distillates inventories declined, boosting demand sentiment.

The gasoline crack rose to $11.14 a barrel, up 50 cents from the last close.

Singapore’s onshore inventory of light distillates fell 517,000 barrels to 11.505 million barrels in the week to Dec. 29, according to data released on Thursday by Enterprise Singapore.

Meanwhile, China has issued its first refined fuel import quotas for 2022, with gasoline and diesel volumes sharply up from a year ago, and naphtha, a petrochemicals feedstock, largely steady, according to industry sources.

The naphtha crack in the region climbed to $159.58 per tonne from $153.50 and the inter-month spread between first-half February and March narrowed by $1.

Naphtha margins registered a fall of over 6% last week over demand worries. Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of US data showing fuel demand had held up despite soaring Omicron coronavirus infections.

Comments

Comments are closed.