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30

40

50

60

70

80

90

fuel oil 3.5%S

fuel oil 1.0%S

diesel

prem 50ppm

naphtha

Graph 4 South European Market

Jan

Dec

Mar

Feb

May

Apr

Jun

Aug Sep Oct Nov

Jul

2017

2016

Nov

30

40

50

60

70

80

90

fuel oil 3.0%S

fuel oil 0.3%S LP

jet kero*

gasoil*

reg unl 87

Graph 5 US East Coast Market

Jan

Dec

Mar

Feb

May

Apr

Jun

Aug Sep Oct Nov

Jul

2017

2016

Nov

30

40

50

60

70

80

90

fuel oil 3.5%S

fuel oil 1%S

jet kero

diesel

regular unleaded

naphtha

Jan

Dec

Mar

Feb

May

Apr

Jun

Aug Sep Oct Nov

Jul

2017

2016

Nov

103

naphtha

regular

gasoline

unleaded

diesel

ultra light

jet kero

fuel oil

1 per cent S

fuel oil

3.5 per

cent S

2016

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

April

51.54

75.36

64.21

64.11

46.95

41.71

May

48.43

72.61

61.13

61.11

46.26

40.64

June

44.69

69.62

57.81

57.06

43.95

39.68

July

47.29

70.31

61.17

60.90

45.03

42.23

August

51.00

75.17

65.71

64.70

46.64

44.06

September

55.76

79.57

70.72

71.33

49.82

47.00

October

57.45

76.10

71.36

71.69

50.61

47.35

November

63.44

82.88

78.12

75.35

55.64

51.68

naphtha

premium

gasoline

50ppm

diesel

ultra light

fuel oil

1 per cent S

fuel oil

3.5 per cent S

2016

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

62.59

63.15

46.24

42.34

April

50.67

67.89

65.24

48.03

43.95

May

47.31

63.74

62.28

47.10

42.85

June

43.57

59.92

58.01

45.56

42.13

July

46.31

61.17

62.06

45.35

43.60

August

50.46

66.85

65.54

46.70

44.94

September

54.97

71.24

71.77

49.97

48.10

October

56.67

68.30

72.03

51.51

48.88

November

62.85

72.97

76.17

56.06

53.14

regular

gasoline

unleaded 87

gasoil*

jet kero*

fuel oil

0.3 per cent S

fuel oil

3.0 per cent S

2016

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

April

67.65

61.79

64.80

55.17

45.96

May

64.47

59.10

60.71

52.99

43.94

June

60.62

54.86

56.52

50.63

41.98

July

65.78

58.03

62.55

53.78

45.17

August

70.86

61.59

69.45

53.97

46.26

September

77.64

68.78

76.57

58.56

48.81

October

71.96

68.26

71.93

59.19

50.31

November

77.29

75.33

77.53

64.25

55.65

*

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