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The Bunker Index (BIX) - the daily average global bunker price quoted in US$ per metric tonne - rose for the seventh consecutive day on Tuesday as price levels continued to increase in February. However, the end-of-day global price looks set to fall for the first time this month later today.

Since the end of January, the global bunker average has risen by $39.19, or 8.2 percent, from $477.76 to $516.95 per tonne.

Last week alone, the worldwide average jumped $31.65, or 6.6 percent, from $477.76 to $509.41 per tonne.

Meanwhile, the Bunker Index 380 centistoke (cSt) average increased for the ninth consecutive trading day on Tuesday. Since January 30, the price has skyrocketed $50.37, or 16.4 percent, from $306.42 to $356.79 per tonne.

180 cSt prices were also up for the ninth day in a row on Tuesday. As a result, the global 180 cSt index has increased by $39.1, or 11.1 percent, from $352 per tonne on January 30 to $391.10 per tonne on February 10.

The global marine gas oil (MGO) average - the Bunker Index MGO (BIX MGO) - rose for the third consecutive day on Tueday. Since the end of last month, the price has risen $26.09, or 3.7 percent, from $705.38 per tonne to $731.47 per tonne.

Brent and WTI prices declined by $1.91 and $2.84 per barrel on Tuesday and have continued to fall during trading on Wednesday. As a result, lower bunker price levels have been quoted today in key European, Asian and African ports and the end-of-day global bunker average is also expected to decrease for the first time this month.

Please click click here to view the BIX price summary page.