Mon 4 Jan 2016 12:28

The average bunker price in 2015 was...


Bunker Index reveals the average bunker price in 2015.



The average bunker price in 2015 was $468.45 per tonne, according to Bunker Index price data.

Bunker prices declined by $278.27 in 2015 compared to the previous year, which represents a drop of 37.3 percent on the $746.72-per-tonne figure recorded in 2014.

In order to calculate the average bunker price, Bunker Index took into account the daily port assessment prices for all the major fuel grades during the course of the year.

The lowest intraday price of the year, $71.00 per tonne, was recorded on the very last day of the year for 380 centistoke (cSt) intermediate fuel oil (IFO) in the Russian port of St. Petersburg.

The highest intraday price of $1146.00 per tonne was seen in Guayaquil, Ecuador, for marine gas oil (MGO) at the start of 2015 - on consecutive trading days between January 2 and January 6.

Please find below a summary of the average annual global bunker price since 2010.

Year Average price ($)+/-($) +/- (%)
2015 468.45 -278.27 -37.3
2014 746.72 -53.42 -6.7
2013 800.14 -34.14 -4.1
2012 834.28 +31.50 +3.9
2011 802.78 +217.48 +37.2
2010 585.30 -- --

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