iocl bitumen price list 2020

What has affected the bitumen Price October 2020?

Many factors have affected the bitumen price October 2020, some of which will come in this article. The first factor is Saudi Aramco that cut the official selling price of its crude oil to Asia and the United States for October while raising the price of some of its oil and bitumen grades for northwestern Europe and the Mediterranean.

What was the lowest value of bitumen this year?

You may be surprised to find that the lowest value of bitumen this year was USD (in September), more than 80 USD. Value change in 2018-2019? prices in comparison to 2018. The year started with the U.S and

What is the price difference between suppliers of bitumen?

The price of suppliers usually varies from 5 to 10$ compared to the balanced market price. If the price difference of the suppliers is less than 5 to 10$, the quality of the bitumen should be evaluated or it may be from an uncertain origin.

Where can I buy bitumen from Indian Oil?

IndianOil markets Bitumen from its Refineries located at Koyali (Gujarat), Mathura (UP), Panipat (Haryana), Barauni (Bihar), Haldia (WB) and CPCL (Tamil Nadu). Bitumen is available from these locations both in bulk as well as in packed drums.

What is VG 10 bitumen?

VG-10 BITUMEN: VG-10 is widely used in spraying applications such as surface-dressing and paving in very cold climate in lieu of old 80/100 Penetration grade. It is also used to manufacture Bitumen Emulsion and Modified Bitumen products.

What is VG 30 bitumen?

What is vg 30 bitumen? This bitumen is primarily used for the construction of extra-heavy bitumen pavements that have to bear significant traffic loads. Bitumen VG30 is the most widely used type of bitumen in road construction, insulation, building construction industries, and also in the production of cutback bitumen.

What is Bulk bitumen?

Bulk bitumen is the most economical method of exporting bitumen for medium and large scale projects. This type of packing is cheaper than others and it has suitable transportation costs. To know more about the advantages and disadvantages, shipping condition and terms of purchase of bulk bitumen follow the article.

What is the cost of bitumen in Nigeria?

The present price of bitumen is N175/litre which means that Nigeria import about 450,000 tonne of bitumen per annual.

What is the meaning of 60 70 bitumen?

Bitumen penetration grade 60/70 means the penetration value is in the range 60 to 70 at standard test conditions which commonly used as a Paving Grade. Bitumen is applicable for the production of hot mix asphalt for bases and pavements and for road construction.

What is bitumen VG 40?

Hincol Bitumen VG-40 combines the characteristic advantages of softer grades at low temperatures and of harder grades at high temperatures. Hincol Bitumen VG-40 can be used in various asphalt mix designs and techniques which result in the manufacture of cohesive asphalt mixes suitable for any type of traffic.

What is the rate of bitumen?

IOCL Bitumen PriceBulk BitumenPrice (in Rs.)VG30 (60/70)58506VG40 (30/40)62790Packed BitumenPrice (in Rs.)VG10 (80/100)662943 more rows

What is the meaning of bitumen grade 80 100?

Bitumen of grade 80/100 means that in the bitumen penetration test, when the needle sinks 8 to 10 mm in the bitumen, we find out that the penetration value is between 8 and 10 mm and this type of bitumen is 80/100 bitumen.

Who makes bitumen in India?

Indian Oil Corporation Ltd. 8.2. Hindustan Petroleum Corporation Ltd.

How is bitumen sold?

In order to transport the bitumen by pipeline, it is blended with diluent on-site and shipped and sold as diluted bitumen (dil-bit). The process to get the final product to market would be: Acquire the diluent. Transport the diluent to the field.

How much does a barrel of bitumen cost?

Bitumen Drum at Rs 2450/piece | Bitumen Drums | ID: 11596364812.

How much bitumen is used in road construction?

3.5% to 5% bitumen is normal content for road construction.