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The average price of 380 centistoke (cSt) fuel oil in Fujairah plummeted $74 per tonne, or 20.4 percent, this month, according to Bunker Index price data.

The 380 cSt average at the Middle East's leading bunker port fell to $287 per tonne, down from $361 per tonne in December, during a month that saw Fujairah's best-selling fuel grade record a $60 low-to-high price range of $260 to $320 per tonne.

The January price is the lowest since April 2009 ($287 per tonne). It is also the seventh monthly decline in a row and the price drop over the last four months alone has been $301, or 51.2 percent.

Please find a table below outlining average monthly Fujairah 380 cSt prices between April 2008 and January 2015.

Month	Average ($/mt)	Low	High
Jan 15	287	260.00	320.00
Dec 14	361	305.00	430.00
Nov 14	460	417.00	484.00
Oct 14	507	457.00	570.00
Sep 14	588	565.00	610.00
Aug 14	597	580.00	612.00
Jul 14	604	587.00	630.00
Jun 14	610	594.00	625.00
May 14	596	585.00	610.00
Apr 14	594	586.00	603.00
Mar 14	602	592.00	620.00
Feb 14	609	598.00	616.00
Jan 14	617	605.00	626.00
Dec 13	610	600.00	620.00
Nov 13	617	610.00	630.00
Oct 13	614	602.00	625.00
Sep 13	606	598.50	615.00
Aug 13	599	588.00	621.00
Jul 13	591	585.00	605.00
Jun 13	609	580.00	630.00
May 13	610	595.00	632.00
Apr 13	617	597.00	645.00
Mar 13	633	620.00	644.00
Feb 13	651	639.00	661.00
Jan 13	621	604.00	637.00
Dec 12	602	595.00	609.00
Nov 12	606	592.00	618.00
Oct 12	638	616.00	655.00
Sep 12	675	643.00	702.00
Aug 12	668	633.00	691.00
Jul 12	614	588.00	641.00
Jun 12	595	568.00	627.00
May 12	679	642.00	730.00
Apr 12	724	711.00	741.00
Mar 12	741	731.00	754.00
Feb 12	732	708.00	755.00
Jan 12	722	694.00	732.00
Dec 11	677	654.00	693.00
Nov 11	687	658.00	716.00
Oct 11	659	629.00	685.00
Sep 11	654	630.00	675.00
Aug 11	666	640.00	699.00
Jul 11	672	639.00	697.00
Jun 11	650	624.00	675.00
May 11	646	619.00	685.00
Apr 11	676	655.00	688.00
Mar 11	635	616.00	648.00
Feb 11	621	575.00	665.00
Jan 11	540	517.00	574.00
Dec 10	503	488.00	514.00
Nov 10	487	468.00	510.00
Oct 10	472	460.00	483.00
Sep 10	443	436.00	455.00
Aug 10	452	434.50	475.00
Jul 10	440	418.00	456.00
Jun 10	441	428.00	456.00
May 10	460	419.00	500.00
Apr 10	482	466.00	500.00
Mar 10	466	453.00	482.00
Feb 10	458	437.50	477.00
Jan 10	479	453.00	507.00
Dec 09	461	440.00	486.00
Nov 09	463	446.50	473.00
Oct 09	442	418.00	462.00
Sep 09	432	414.00	448.00
Aug 09	443	426.00	462.00
Jul 09	405	378.00	434.00
Jun 09	405	392.00	421.00
May 09	342	292.00	385.00
Apr 09	287	252.00	303.00
Mar 09	242	225.00	269.00
Feb 09	256	239.00	275.00
Jan 09	257	229.00	278.00
Dec 08	224	208.00	255.00
Nov 08	240	208.00	288.00
Oct 08	407	281.00	557.00
Sep 08	597	514.00	709.00
Aug 08	688	635.00	734.00
Jul 08	719	675.00	765.00
Jun 08	628	561.00	686.00
May 08	585	540.00	640.00
Apr 08	530	500.00	556.00