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Gasoil Price Outlook

Prices for European low sulfur gasoil were broadly stable in the last month. Gasoil averaged USD 1,122 per metric ton in May, which was 0.2% higher than April's price and was up 106.0% from the same month last year. Meanwhile, on 31 May, the fuel traded at USD 1,222 per metric ton, which was down 0.6% from the same day of the previous month. European supply appeared to stabilize in the month, as imports of Russian diesel are yet to nosedive and imports from Asia and the Middle East remained strong. In a testament to this, in May cargoes of Middle Eastern gasoil were diverted from Europe to the U.S. Supporting prices were weak refinery capacity and the EU’s proposal on 4 May—agreed to on 31 May—to ban most oil and oil derivatives from Russia by the end of the year.

Gasoil Price History Data (USD per metric ton, aop)

2015  2016  2017  2018  2019  
Gasoil 488.16  390.61  482.81  625.62  579.12  

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Gasoil Historical Price Chart


Gasoil historical price chart
Note: European Gasoil (0.2% maximum sulphur content), prices in USD per metric ton (mt). Daily prices.

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Price forecasts and historical data for Energy, Metals and Agricultural Commodities

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