10 Factors that Influence Crude and Bitumen Prices in India


2021-11-20  |   Premium Petro Products

10 Factors that Influence Crude and Bitumen Prices in India

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Introduction

10 Factors that Influence Crude and Bitumen Prices in India

Bitumen is produced through the distillation of crude oil. Distillation removes lighter crude oil components, such as gasoline and diesel, leaving the heavier bitumen behind.

 In August, OPEC’s decision to raise the oil outputs led to market fluctuations. Subsequently, it affected the demand and supply dynamics for bitumen for a short duration. These factors that influence bitumen prices are not common knowledge.

 On the contrary, it’s common knowledge that India’s average production of 30 MMT liquid crude oil is insufficient. It remains unfit for producing quality bitumen due to its high wax content.

 Indian bitumen consumers need to educate themselves about the vast array of factors that characterize their bitumen bill.

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FAQs

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Q.

Do you import Bitumen or Purchase Domestic?

We import Viscosity Grade bitumen directly from top refineries of Middle east countries packed & bulk both forms& provide to clients at reasonable price. Refineries specially produce bitumen with our label too.

Q.

Are You PWD Empanelled?

Yes, we are authorized by PWD govt. of Raj. & Uttarakhand for quality bitumen.

Q.

Are You UDH and JDA Empanelled?

Yes, we are authorized by UDH and JDA govt. of Raj. for quality bitumen.

Q.

From Where do you supply Bitumen?

We supply Bitumen from Kandla, Mumbai, Mundra, Jaipur, Jodhpur, Pipavav, Vadodara, Hazira & so on.

Q.

Do you Export Bitumen?

Yes, we export Bitumen& we are no. 1 Bitumen Exporter in India in December 2021 and Jan 2022. We are the 3rd Largest Importer in packed bitumen category in India. We have pack drums available in 156kg & 180 kg. We export bitumen packed & bulk both forms. We export bitumen in Nepal Birgunj, Biratnagar, Bhairahawa, Nepalgunj, Kakarvitta and Still Going!

Q.

Where is your Head Office?

We are located in Jaipur (Raj.) since 2017 Near PWD Office.

Q.

What Grade or viscosity Bitumen do you supply?

We supply VG10, Vg30, VG40 in Bulk & drum both forms PAN India.

Q.

How long does it take to process the order?

After getting confirmation of an order, we proceed the order further & upto24hours-48hourswe dispatch the order.

Q.

Does the Prices are inclusive transportation Charges?

We quote Bitumen price only, but we can arrange transport for buyer separately.

Q.

What is the mode of payment?

We accept Payment Through Bank Transfer, BG (Bank Guarantee), LC (letter of credit) by government approved Financer/ Bank.

Q.

What is Bitumen Terms of Delivery?

We can Provide FOB shipments/Ex Port, CFR (Cost Freight Rate), CIF (cost Insurance & freight)

Q.

What are the benefits / advantages of VG Bitumen over Penetration Grade?

VG bitumen is globally preferred to penetration grades (30/40, 60/70, 80/100, and soon), mainly because it is tested and classified more accurately.

Q.

Do we have a ready-made chart to use various Bitumen Grades as per the temperature zones?

Yes, we have chart or test reports of every shipment as per viscosity, Penetration, Grade temperature & require product details.

Q.

How would you assure about the quality of Bitumen?

Our Bitumen is certified by Refineries & NABL& IIT Roorki laboratory also. We have in house Laboratory also & we do test of every shipment.

PREMIUM PETRO PRODUCTS. Our firm is manufacturing all types of Emulsion and Modified Bitumen and importing Bitumen (both Bulk and Packed) from Middle East countries.

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