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Markets

Asian gasoline margin hits record low

Worldwide lockdowns to limit the spread of the coronavirus have crushed petrol demand, making gasoline the worst hi
06 Apr 2020
  • Worldwide lockdowns to limit the spread of the coronavirus have crushed petrol demand, making gasoline the worst hit oil product in terms of returns to refiners.

SINGAPORE: Asia's gasoline margin, the price of benchmark 92-octane petrol against raw material Brent crude, sank to a discount of $10.96 a barrel on Monday, its lowest since Reuters started tracking the data in September 2008.

Worldwide lockdowns to limit the spread of the coronavirus have crushed petrol demand, making gasoline the worst hit oil product in terms of returns to refiners.