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The average global bunker price in 2016 was $396.41 per tonne, according to Bunker Index price data.

Bunker prices declined, on average, by $72.04 in 2016 compared to the previous year, which represents a drop of 15.4 percent on the $468.45-per-tonne figure recorded in 2015.

In order to calculate the average global 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 380 centistoke (cSt), 180 cSt and marine gas oil (MGO) annual averages all declined in 2016 compared to the previous year: the Bunker Index 380 (BIX 380) dropped $47.83, or 15.1 percent, to $269.59 per tonne; the BIX 180 fell $56.94, or 16.3 percent, to $292.27 per tonne; and the BIX MGO average decreased by $112.22, or 17.0 percent, to $547.68 per tonne.

Indices	2015 Avg.	2016 Avg.	+/- ($)	+/- (%)
BIX	468.45	396.41	-72.04	-15.4
BIX 380	317.42	269.59	-47.83	-15.1
BIX 180	349.21	292.27	-56.94	-16.3
BIX MGO	659.9	547.68	-112.22	-17.0

BIX	Avg. ($)	+/- ($)	+/- (%)
2016	396.41	-72.04	-15.4
2015	468.45	-278.27	-37.3
2014	746.72	-53.42	-6.7
2013	800.14	-34.14	-4.1
2012	834.28	31.5	3.9