Prices for European low sulfur gasoil averaged USD 672 per metric ton in May, 9.6% lower than April’s price and down 40.1% from the same month last year. On 31 May, the fuel traded at USD 655 per metric ton, down 4.5% from the same day of the previous month.
In April, investor worries continued to ease regarding shortages caused by sanctions on Russian diesel and strikes at refineries. Deliveries of gasoil and diesel—very similar fuels—rose to a four-month high in May, and most strikes at French refineries ended in April.
This chart displays Gasoil (US$/mt) from 2021 to 2023.
European Gasoil 0.2% Sulfur (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| European Gasoil 0.2% Sulfur | - | 545 | 592 | 672 | 894 | 1,178 | 1,064 | 994 |