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The Global Bunker Index (AGBP) - Bunker Index's average price for all grades of bunker fuel worldwide - has now risen $66.56 per tonne since the beginning of May following another day of significant price increases today.

The average global bunker price skyrocketed $11.74 per tonne as bunker prices continued to rise in the majority of ports across the globe.

The Global Bunker Index increased to $449.74 per tonne and is now $19.84 higher than a week ago following four consecutive days of price gains.

All four grade categories recorded increases of over $10.00 per tonne, with the MDO Index - the average price for marine diesel oil (MDO) worldwide - achieving the largest price rise of $15.76 to $521.00 per tonne.

Meanwhile, the MGO Index rose by $12.68 to $565.06 per tonne, whilst the IFO 380 Index and the IFO 180 Index jumped $11.15 and $10.85 to $379.97 and $397.54 per tonne respectively.

Please find below a list of the accumulated price increases for each of the five indices since the beginning of the week below:

Global Bunker Index: +19.84

IFO 380 Index: +19.11

IFO 180 Index: +18.59

MDO Index: +22.02

MGO Index: +18.24

More significantly, below is a summary of how average bunker prices have risen since the beginning of the month.

Global Bunker Index: +66.56

IFO 380 Index: +73.78

IFO 180 Index: +72.51

MDO Index: +55.70

MGO Index: +52.05