Bitumen price in India
Price of Indian bitumen is controlling by three main refineries in India:
Bharat Petroleum Corporation Limited is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large refineries of the country located at Mumbai and Kochi.
Indian Oil Corporation (IndianOil) is India's largest commercial enterprise, with a sales turnover of Rs. 3,99,601 crore (US$ 61 billion) and profits of Rs. 10,399 crore (US$ 1,589 million) for the year 2015-16. IndianOil is ranked 161st among the world's largest corporates (and first among Indian enterprises) in the prestigious Fortune ‘Global 500’ listing for the year 2016.
Mangalore Refinery and Petrochemicals Limited, is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1988. The refinery is located at Katipalla, north from centre of Mangalore city.
Normally price of bitumen from above refineries is higher than Iran bitumen price and India bitumen price has relation to Iran origin goods.
Problem of local India bitumen companies is limited of quantity and since transport cost is high,far city is not economy to use Indian bitumen and they have to import it.
Srilanka , Bangladesh and Nepal buying bitumen from India
Most of countries neighbor of India like Srilanka and Bangladesh and Nepal buying a portion of requirement from India.
Rate of bitumen in India
Current price of Indian bitumen packed in steel drum is 33000Rupees locally.