Asia Gasoline-Indonesian 88-octane October imports seen 10.5 pct lower

Reuters

SINGAPORE, Sept 11 (Reuters) - Indonesia, Asia's topgasoline importer, is expected to import about 8.5 millionbarrels of 88-octane gasoline for October, down 10.5 percentfrom September, estimates from traders showed on Wednesday.

Pertamina, the state-owned company, has this week concludedits fourth quarter deal for the 88-octane grade with sellers ata premium of about 8 cents a barrel to Singapore quotes on afree-on-board (FOB) basis.

"I do not see any bull factor in the gasoline market.Everyone relies on Pertamina's imports but we cannot expect aspike from them," said a trader.

Peak demand season in Indonesia came to an end after itsMuslim fasting month ended in August.

Demand from Vietnam, Asia's second-largest gasolineimporter, was also not looking up due to sufficient suppliesfrom its domestic refinery and yearly contracts.

These have weighed heavily on the Asian gasoline margin,which was at a 21-month low of $1.24 a barrel on Tuesday. (Reporting by Seng Li Peng; Editing by Supriya Kurane)

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