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The average price of marine gas oil (MGO) at the port of Singapore fell at a more significant rate than ICE Gas Oil during the month of January, according to Bunker Index and Intercontinental Exchange (ICE) price data.

The ICE Gas Oil settlement average decreased by $62.49 per tonne, or 17.7 percent, to $290.61 per tonne in January. During the same period, the Singapore MGO average was down by $71 per tonne, or 19.6 percent, to $291 per tonne.

Between January 2015 and January 2016, the monthly MGO average in Singapore declined by $206 per tonne, or 41.4 percent, from $497 to $291 per tonne, whilst the ICE Gas Oil settlement average decreased by $186.16 per tonne, or 39.0 percent, from $476.77 to $290.61 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2012 and January 2016.

Month	ICE Gas Oil ($/mt)	+/-	+/-(%)
Jan 2016	290.61	-62.49	-17.70
Dec 2015	353.10	-82.00	-18.85
Nov 2015	435.10	-22.63	-4.94
Oct 2015	457.73	+12.78	+2.72
Sep 2015	470.51	+6.93	+1.49
Aug 2015	463.58	-57.49	-11.03
Jul 2015	521.07	-58.43	-10.08
Jun 2015	579.50	-21.31	-3.54
May 2015	600.81	+40.13	+7.16
Apr 2015	560.68	+16.68	+3.07
Mar 2015	544.00	-21.73	-3.84
Feb 2015	565.73	+88.96	+18.66
Jan 2015	476.77	-95.89	-16.74
Dec 2014	572.66	-135.07	-19.08
Nov 2014	707.73	-46.04	-6.10
Oct 2014	753.77	-78.73	-9.46
Sep 2014	832.50	-36.20	-4.17
Aug 2014	868.70	-20.56	-2.31
Jul 2014	889.26	-22.49	-2.47
Jun 2014	911.75	+4.55	+0.50
May 2014	907.20	-0.34	-0.04
Apr 2014	907.54	+5.69	+0.63
Mar 2014	901.85	-19.35	-2.10
Feb 2014	921.20	+7.34	+0.80
Jan 2014	913.86	-24.41	-2.60
Dec 2013	938.27	+22.75	+2.48
Nov 2013	915.52	-14.13	-1.52
Oct 2013	929.65	-8.95	-0.95
Sep 2013	938.60	+4.49	+0.48
Aug 2013	934.11	+22.56	+2.47
Jul 2013	911.55	+37.66	+4.31
Jun 2013	873.89	+14.15	+1.65
May 2013	859.74	-4.98	-0.58
Apr 2013	864.72	-48.97	-5.36
Mar 2013	913.69	-82.21	-8.25
Feb 2013	995.90	+36.50	+3.80
Jan 2013	959.40	+32.80	+3.54
Dec 2012	926.60	-10.46	-1.12
Nov 2012	937.06	-46.61	-4.74
Oct 2012	983.67	-2.71	-0.27
Sep 2012	986.38	+19.28	+1.99
Aug 2012	967.10	+76.52	+8.59
Jul 2012	890.58	+50.71	+6.04
Jun 2012	839.87	-93.11	-9.98
May 2012	932.98	-70.17	-6.99
Apr 2012	1003.15	-21.07	-2.06
Mar 2012	1024.22	+24.09	+2.41
Feb 2012	1000.13	+46.46	+4.87
Jan 2012	953.67	+28.28	+3.06

Month	Spore MGO ($/mt)	+/-	+/- (%)
Jan 2016	291	-71.00	-19.6
Dec 2015	362	-74.00	-17.0
Nov 2015	436	+5.00	+1.1
Oct 2015	441	-4.00	-0.9
Sep 2015	445	+11.00	+2.53
Aug 2015	434	-60.00	-12.15
Jul 2015	494	-71.00	-12.57
Jun 2015	565	-20.00	-3.42
May 2015	585	+37.00	+6.75
Apr 2015	548	+4.00	+0.70
Mar 2015	544	-11.00	-2.00
Feb 2015	555	+58.00	+11.67
Jan 2015	497	-101.00	-16.89
Dec 2014	598	-119.00	-16.60
Nov 2014	717	-31.00	-4.14
Oct 2014	748	-86.00	-10.31
Sep 2014	834	-36.00	-4.14
Aug 2014	870	-14.00	-1.58
Jul 2014	884	-21.00	-2.32
Jun 2014	905	-5.00	-0.55
May 2014	910	+4.00	+0.44
Apr 2014	906	+2.00	+0.22
Mar 2014	904	-12.00	-1.31
Feb 2014	916	+10.00	+1.10
Jan 2014	906	-33.00	-3.51
Dec 2013	939	+24.00	+2.62
Nov 2013	915	-5.00	-0.54
Oct 2013	920	+4.00	+0.44
Sep 2013	916	-4.00	-0.44
Aug 2013	919	+12.00	+1.32
Jul 2013	907	+31.00	+3.54
Jun 2013	876	+20.00	+2.34
May 2013	856	-1.00	-0.23
Apr 2013	857	-55.00	-6.03
Mar 2013	912	-62.00	-6.36
Feb 2013	974	+40.00	+4.28
Jan 2013	934	+16.00	+1.74
Dec 2012	918	-4.00	-0.43
Nov 2012	922	-26.00	-2.74
Oct 2012	948	-25.00	-2.57
Sep 2012	973	+13.00	+1.35
Aug 2012	960	+92.00	+10.60
Jul 2012	868	+48.00	+5.85
Jun 2012	820	-105.00	-11.35
May 2012	925	-63.00	-6.38
Apr 2012	988	-20.00	-1.98
Mar 2012	1008	+24.00	+2.44
Feb 2012	984	+29.00	+3.04
Jan 2012	955	+35.00	+3.80