IOL Bitumen India
Last updated: 2026-10-08
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IOL Bitumen India: Iran Origin Bitumen Supply, Pricing, and Export Guide
IOL bitumen refers to penetration-grade and viscosity-grade bitumen produced by Iran Ol Company (IOC) — commonly searched as "IOL bitumen" — and exported to India, where it competes with VB (Vatan/Pasargad), Jey, and Isfahan (JCO) grades. Current FOB Bandar Abbas pricing for IOL bitumen 60/70 sits at USD 395–430 per MT, and 62% of Iran-origin bitumen cargoes discharged at Indian ports in 2024 went to Gujarat (Kandla, Mundra, Hazira), with Indian importers typically booking 2,000–12,500 MT parcels and receiving shipments in 18–32 days from Bandar Abbas.
What Is IOL Bitumen and Why Indian Buyers Use It
IOL bitumen is a penetration-grade (ASTM D946 / IS 73) product manufactured at the Iran Ol Company refinery complex. The most traded grades into India are:
- Bitumen 60/70 — road construction, NH widening, state PWD contracts
- Bitumen 80/100 — hot mix asphalt, emulsion base
- Bitumen 40/50 — heavy-duty paving, airfield runways
- Cutback and emulsified variants — cold mix, spray applications
Key reasons Indian importers select IOL over regional alternatives:
1. Price delta of USD 20–45/MT versus Singapore Bitumen 60/70 (Korea origin)
2. Consistent penetration value — 60/70 IOL typically tests 62–66 dmm at 25°C
3. Solubility above 99.5% in trichloroethylene, satisfying IS 73:2013
4. Availability in flexi-bag (1 MT) and drum (180 kg) for buyers without bulk terminals
| Brand / Origin | Grade | FOB Price (USD/MT) | Softening Point (°C) | Penetration (dmm) | India Share of Cargo |
|---|---|---|---|---|---|
| IOL (Iran Ol Co.) | 60/70 | 395–430 | 48–54 | 62–66 | ~14% |
| VB (Pasargad) | 60/70 | 400–440 | 47–53 | 60–65 | ~22% |
| Jey Oil | 60/70 | 405–445 | 49–55 | 61–66 | ~18% |
| Isfahan (JCO) | 60/70 | 410–450 | 48–54 | 60–64 | ~26% |
| Singapore (Korean origin) | 60/70 | 445–490 | 49–55 | 62–68 | ~9% |
Note: Prices are indicative FOB ranges. Always confirm with the seller's PO before booking.
Bottom line for Indian buyers: IOL delivers a 5–9% landed-cost advantage over Korean-origin material when freight is locked at USD 28–38/MT for Bandar Abbas → Kandla.
IOL Bitumen Price India: Landed Cost Breakdown
The landed price of IOL bitumen in India ranges INR 38,500–43,200 per MT (ex-Gujarat) in Q1 2025, depending on grade, parcel size, and duty treatment. Here is a full cost stack:
| Cost Component | Rate (USD/MT) | INR/MT (₹83.5/USD) | Notes |
|---|---|---|---|
| FOB Bandar Abbas | 410 | 34,235 | IOL 60/70 base |
| Ocean freight | 32 | 2,672 | Chittagong/Bandar Abbas lane |
| Insurance (0.15%) | 0.60 | 50 | CIF only |
| Customs duty (BIS/IS 73) | — | — | Check current tariff notification |
| Port handling (Kandla) | 4.50 | 376 | Inc. wharfage |
| CHA & documentation | 3.20 | 267 | Per MT share |
| Inland transport (Gujarat) | 6.50 | 543 | Up to 150 km |
| Landed Total | ~456.80 | ~38,143 | Approx. |
| Parcel Size | Freight (USD/MT) | Est. Landed (INR/MT) | Savings vs. 2,000 MT |
|---|---|---|---|
| 2,000 MT | 42 | 40,100 | — |
| 5,000 MT | 32 | 38,143 | 1,957 |
| 10,000 MT | 26 | 36,800 | 3,300 |
| 12,500 MT | 24 | 36,200 | 3,900 |
Actionable insight: Moving from a 2,000 MT to a 5,000 MT parcel cuts landed cost by roughly 5% — the single largest lever an Indian importer controls.
Shipping, Ports, and Lead Times for IOL Bitumen into India
Indian buyers typically clear IOL bitumen through Kandla, Mundra, Hazira, Nhava Sheva (JNPT), and Chennai. Transit and handling performance for 2024–25:
| Port | Transit from Bandar Abbas | Average Discharge (days) | Storage Cost (INR/MT/day) | Best For |
|---|---|---|---|---|
| Kandla | 18–22 | 2–3 | 1.10 | Bulk bitumen tanks, Gujarat PWD |
| Mundra | 19–23 | 2–4 | 1.25 | Container/flexi-bag cargo |
| Hazira | 20–25 | 3–5 | 1.40 | West India road contractors |
| JNPT | 24–29 | 3–5 | 1.55 | Maharashtra, Karnataka |
| Chennai | 27–32 | 4–6 | 1.65 | South India buyers |
- Day 0: PO confirmed, LC opened
- Day 2–4: Proforma invoice, shipping instructions
- Day 5–8: Vessel booking, SGS/quality inspection at load port
- Day 9–11: Bill of Lading issued
- Day 18–25: Vessel arrives Indian port
- Day 25–30: Customs clearance, duty payment, delivery order
- Day 30–35: Tanker discharge to buyer's storage
Note: Off-spec risk is highest when buying without an SGS or Geo-Chem pre-shipment inspection — insist on certificate of analysis and retain sample seals.
IOL Bitumen Specifications vs. IS 73:2013
Indian government road contracts (NHAI, state PWD, MORT&H) specify IS 73:2013 compliance. IOL 60/70 and 80/100 grades commonly meet or exceed the limits below.
| Parameter | IS 73 Limit | IOL 60/70 Typical | Pass/Fail |
|---|---|---|---|
| Penetration at 25°C (dmm) | 50–70 | 62–66 | Pass |
| Softening point (°C) | 47 min | 48–54 | Pass |
| Flash point (Cleveland, °C) | 220 min | 240–260 | Pass |
| Solubility in TCE (%) | 99.0 min | 99.5–99.8 | Pass |
| Viscosity at 60°C (Poise) | 2400–3600 | 2800–3300 | Pass |
| Specific gravity at 27°C | 1.01–1.06 | 1.02–1.04 | Pass |
| Loss on heating (%) | 1.0 max | 0.3–0.7 | Pass |
| Parameter | IS 73 Limit | IOL 80/100 Typical | Pass/Fail |
|---|---|---|---|
| Penetration at 25°C (dmm) | 80–100 | 85–95 | Pass |
| Softening point (°C) | 45 min | 46–51 | Pass |
| Flash point (°C) | 220 min | 235–255 | Pass |
| Viscosity at 60°C (Poise) | 800–1200 | 900–1100 | Pass |
| Ductility at 25°C (cm) | 75 min | 80–100 | Pass |
Verification protocol: always test at NABL-accredited labs (e.g., RITES, Geo-Chem, SGS India) before releasing the balance payment.
IOL Bitumen Buying Checklist for Indian Importers
Use this 7-point checklist to reduce rejection risk and lock in better landed pricing.
- Confirm the producer: "IOL" is often sold as a generic label — verify the original Iran Ol Company bill of lading and COO.
- Insist on pre-shipment inspection: SGS or Geo-Chem at Bandar Abbas costs USD 350–600 per parcel and prevents 90%+ of quality disputes.
- Match grade to application: 60/70 for NH/state highways; 80/100 for emulsion base and DBM.
- Lock freight early: Q1 and Q3 see USD 6–12/MT volatility on the Iran-India lane.
- Budget for demurrage: tanker discharge delays at Kandla average 1.5 days; demurrage runs USD 8,000–15,000/day for large vessels.
- Use a customs broker experienced in Iran-origin cargo: documentation under BIS/IS 73 and origin certificates has been tightened since 2023.
- Model landed cost before every PO: small FOB changes compound through freight, duty, and storage.
1. Seller offering IOL 60/70 at below USD 380/MT FOB with no inspection allowance
2. No certificate of analysis or sample retention commitment
3. Cash-only terms without LC or escrow
4. Unverifiable vessel IMO number or AIS history
FAQ: IOL Bitumen India
Q1: What is IOL bitumen and which grades are exported to India?
IOL bitumen is penetration-grade bitumen produced by Iran Ol Company (IOC), exported mainly as 60/70, 80/100, and 40/50 grades. Indian importers use it primarily for NHAI and state PWD road contracts under IS 73:2013 specifications.
Q2: What is the current price of IOL bitumen in India?
IOL bitumen 60/70 lands in India at roughly INR 38,500–43,200 per MT (USD 460–515/MT) for 5,000 MT parcels, depending on port, grade, and duty treatment. FOB Bandar Abbas pricing ranges USD 395–430/MT as of Q1 2025.
Q3: How long does shipping take from Bandar Abbas to Indian ports?
Transit time to Kandla is 18–22 days, to Mundra 19–23 days, to Hazira 20–25 days, and to Chennai 27–32 days. Add 2–5 days for discharge and 5–7 days for customs clearance and inland delivery.
Q4: Does IOL bitumen meet IS 73:2013 specifications?
Yes — IOL 60/70 and 80/100 typically meet or exceed IS 73:2013 limits for penetration, softening point, flash point, solubility, and viscosity. Always obtain an SGS or Geo-Chem pre-shipment certificate and re-test at an NABL lab in India.
Q5: How much can I save by buying IOL instead of Korean-origin bitumen?
IOL 60/70 typically saves USD 20–45 per MT versus Singapore/Korean-origin material on an FOB basis. On a 5,000 MT parcel, that equals USD 100,000–225,000 in savings before freight and duty adjustments.
Calculate Your Exact IOL Bitumen Landed Cost
Before you confirm your next IOL bitumen PO, run the numbers with the 6Tar cost calculator — it models FOB price, freight, insurance, customs duty, port handling, and inland transport in seconds. Get a precise INR/MT landed cost for 60/70, 80/100, and 40/50 grades across Kandla, Mundra, Hazira, JNPT, and Chennai, and compare parcel sizes from 2,000 to 12,500 MT to see exactly where your savings sit.