Naphtha Price

Asian naphtha and gasoline prices fell by 10-15 cents per barrel on the back of crude's overnight decline amid a glut in Asia, said traders on Tuesday. A European major purchased from a European trader 50,000 barrels of 92-octane lifting February 27 to March 1 at $17.70 per barrel, 20 cents lower than Monday's best offer. A Japanese trader purchased one 50,000-barrel cargo of 95-octane lifting February 23-27 at $19.90.