Singapore marine fuel sales fall 6.8% in May, likely due to cheaper bunker in China
While prices have declined, they are still much higher than before the Middle East conflict broke out
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[SINGAPORE] Singapore, the world’s largest bunkering hub, booked a year-on-year decline in marine fuel sales for the second consecutive month in May, with an even bigger dip than that in April.
Sales of bunker or marine fuel slipped 6.8 per cent year on year to 4.5 million tonnes last month, compared with a 1.2 per cent drop in April.
However, sales in May were higher than April’s 4.4 million tonnes, which represented a 14-month low, statistics from the Maritime and Port Authority of Singapore (MPA) published on Monday (Jun 15) showed.
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