CBOD Market Outlook 1st to 15th July 2022

Refined Products Review and Outlook

The international market price of gasoline and LPG decline by 8% and 11% respectively, while that of gasoil increased by 5% in the 12th to 26th June 2022 international pricing window relative to the previous window (these premiums are applicable to the selling window of 1 st – 15th July 2022). In absolute terms, the international market prices for gasoline and LPG plummet from US$1,451.25/mt and US$810.64/kg in the previous window to US$1,336.63/mt and US$725.18/kg being an average change of US$141.63/mt and US$85.46/kg respectively. Gasoil prices at the international market has again risen above that of gasoline after declining in the previous two pricing windows. Gasoline prices rose from US$1,289.97/mt in the previous window to US$1,351.63/mt, changing by US$61.65/mt in absolute terms. This is an indication that on year-to-date basis, gasoline, gasoil, and LPG prices at the international market rose by 89%, 111% and 4% respectively.