Ioc Diesel Cargoes

Indian Oil Corporation (IOC) is expected to buy six to seven cargoes of diesel in its April import tender, traders said on Friday. They said imports were being reduced amid a drop in domestic demand. Shell and Kuwait Petroleum Corp (KPC) are likely to be the main suppliers as they have offered four to five cargoes each, traders said. The lowest offers were heard at 60 cents per barrel over Singapore spot quotes on (c-and-f) basis to the east coast, they added.