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20

30

40

50

60

70

80

fuel oil 3.5%S

fuel oil 1.0%S

diesel

prem 50ppm

naphtha

Graph 4 South European Market

May

Jan

Dec

Mar

Feb

Jun

2017

2016

Apr

Mar

Jul

Aug Sep Oct Nov

20

30

40

50

60

70

80

fuel oil 3.0%S

fuel oil 0.3%S LP

jet kero*

gasoil*

reg unl 87

Graph 5 US East Coast Market

May

Jan

Dec

Mar

Feb

Jun

2017

2016

Apr

Mar

Jul

Aug Sep Oct Nov

20

30

40

50

60

70

80

fuel oil 3.5%S

fuel oil 1%S

jet kero

diesel

regular unleaded

naphtha

May

Jan

Dec

Mar

Feb

2017

2016

Apr

Mar

Jul

Jun

Aug Sep Oct Nov

111

naphtha

regular

gasoline

unleaded

diesel

ultra light

jet kero

fuel oil

1 per cent S

fuel oil

3.5 per

cent S

2016

March

38.53

54.82

47.43

47.13

24.83

21.32

April

41.69

66.41

50.30

49.57

27.82

23.66

May

44.28

69.51

56.15

56.67

32.52

29.28

June

45.89

70.22

58.80

59.37

37.81

32.24

July

41.73

62.35

54.48

53.84

37.60

32.21

August

40.52

64.07

54.91

54.28

36.83

32.87

September

43.57

66.62

55.92

55.93

39.48

34.97

October

48.60

70.13

61.50

61.82

43.83

38.10

November

45.82

64.62

57.36

57.29

40.98

35.71

December

50.90

71.37

64.50

64.89

46.70

42.28

2017

January

55.06

73.82

65.60

65.05

50.60

43.03

February

54.82

75.66

66.35

66.13

49.73

43.13

March

50.70

70.06

62.29

62.21

44.86

39.94

naphtha

premium

gasoline

50ppm

diesel

ultra light

fuel oil

1 per cent S

fuel oil

3.5 per cent S

2016

March

37.76

47.68

48.28

24.63

23.44

April

40.39

58.04

50.56

28.01

26.30

May

43.51

61.12

57.91

33.72

31.91

June

45.11

62.71

60.35

36.97

34.59

July

41.06

54.85

55.04

36.85

34.84

August

39.93

56.45

55.56

37.35

35.36

September

43.20

59.38

57.04

40.02

37.45

October

48.18

62.36

62.83

44.46

40.72

November

45.09

57.83

57.93

40.71

37.30

December

49.70

64.86

65.41

48.84

44.01

2017

January

54.21

66.95

66.54

52.19

45.77

February

54.46

68.26

67.52

50.41

45.75

March

49.55

62.07

61.98

46.24

42.34

regular

gasoline

unleaded 87

gasoil*

jet kero*

fuel oil

0.3 per cent S

fuel oil

3.0 per cent S

2016

March

50.34

43.56

47.68

35.61

24.27

April

60.09

47.27

49.43

37.10

27.94

May

65.21

54.64

56.35

44.78

34.16

June

62.59

58.10

59.83

48.86

37.32

July

56.77

51.98

55.02

47.21

36.67

August

58.93

53.13

56.49

48.01

36.17

September

61.62

54.94

57.81

47.63

38.07

October

65.19

60.48

62.00

50.95

41.15

November

61.34

55.44

57.47

48.22

38.69

December

68.59

62.91

63.94

55.97

46.34

2017

January

67.54

64.13

65.12

59.23

48.51

February

64.75

64.43

67.20

59.44

47.74

March

62.83

60.48

62.20

53.62

44.19

*

FOB barge spot prices.

Source: Platts. As of January 1, 2016, Argus. Prices are average of available days.

Note: Prices of premium gasoline and diesel from January 1, 2008, are with 10 ppm sulphur content.

Table and Graph 5: US East Coast market — spot cargoes, New York

$/b, duties and fees included

Table and Graph 3: North European market — spot barges, fob Rotterdam

$/b

Table and Graph 4: South European market — spot cargoes, fob Italy

$/b