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The average monthly price of 380 centistoke (cSt) intermediate fuel oil (IFO) in Singapore rose to its highest level since November in May, according to Bunker Index price data.

The 380 cSt average at the world's leading bunker port increased by $31, or 16.1 percent, to $223 per tonne this month, up from $192 per tonne in April.

In dollar terms, the $31 increase is the most significant in 12 months - since May 2015. In percentage terms, the 16.1 percent rise is the biggest since the 24 percent increase in February 2015.

May saw Singapore's best-selling fuel grade record a $28 low-to-high differential, with a price range of $206 to $234 per tonne. The lowest price of $206 per tonne was seen on May 10, whilst the month's highest price of $234 per tonne was quoted on May 25.

The month ended with an assessment price of $230.00 per tonne, up $6.00, or 2.7 percent, on the $224.00-per-tonne figure recorded on the last trading day of April.

A full summary of current and historical prices in Singapore can be found by clicking on the following link:

http://www.bunkerindex.com/prices/portfreels_xmdo.php?port_id=682

Please find tables below outlining average monthly Singapore 380 cSt prices between January 2015 and May 2016, and end-of-month prices since December 2015.

Month	Average($/mt)	Low	High
May 16	223	206.00	234.00
Apr 16	192	165.00	225.00
Mar 16	177	155.00	190.00
Feb 16	158	145.00	180.00
Jan 16	161	143.00	188.00
Dec 15	180	154.00	219.00
Nov 15	227	212.00	250.00
Oct 15	238	224.00	260.00
Sep 15	237	220.00	262.00
Aug 15	246	203.00	272.00
Jul 15	306	278.00	339.00
Jun 15	357	330.00	385.00
May 15	375	358.00	398.00
Apr 15	339	310.00	368.00
Mar 15	324	300.00	358.00
Feb 15	351	295.00	377.00
Jan 15	283	265.00	318.00

Date	Price ($/mt)	Day's Low	Day's High
May 31, 2016	230.00	227.00	233.00
Apr 30, 2016	224.00	223.00	225.00
Mar 31, 2016	179.00	178.00	180.00
Feb 29, 2016	152.00	150.00	154.00
Jan 29, 2016	173.50	165.00	182.00
Dec 31, 2015	173.00	169.00	177.00