SINGAPORE, Sept 13 (Reuters) - Indonesia’s Pertamina has wrapped up talks to buy up to 9 million barrels of 88-octane gasoline a month and 4-5 million barrels of 0.35 percent sulphur gasoil a month for October to December delivery, traders said on Thursday.
The volumes were largely similar to its third quarter quantities. It has also sealed a deal for 400,000 to 600,000 barrels of jet fuel a month for fourth-quarter delivery.
Prices for gasoline, gasoil and jet fuel cargoes for October to December delivery were largely unchanged from its third quarter contract.
Its third-quarter contract for gasoline was done at a discount of 80 cents a barrel to Singapore quotes on a free-on-board (FOB) basis.
Its third-quarter gasoil contract was sealed at about $1.10-$1.15 a barrel above the Pertamina pricing formula for 600,000-barrel cargo sizes to be delivered into Tuban and Balongan and $1.80-1.85 a barrel premium for 200,000-barrel lots.
For jet fuel, the company paid $1.60-$1.80 a barrel premium. Both jet fuel and gasoil prices were on a cost-and-freight basis.
All deals were done through its trading arm Petral, based in Singapore. (Reporting by Seng Li Peng and Jessica Jaganathan)