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The average price of marine gas oil (MGO) at the port of Singapore rose at a slightly higher rate than ICE Gas Oil during the month of May, according to Bunker Index and Intercontinental Exchange (ICE) price data.

The ICE Gas Oil settlement average increased by $53.40 per tonne, or 14.40 percent, to $424.15 per tonne in May. During the same period, the Singapore MGO average was up $53.00 per tonne, or 14.6 percent, to $416 per tonne.

Between May 2015 and May 2016 the monthly MGO average in Singapore is down $169 per tonne, or 28.89 percent, from $585 to $416 per tonne, whilst the ICE Gas Oil settlement average is lower by $176.66 per tonne, or 29.4 percent, from $600.81 to $424.15 per tonne.

Please find below tables of monthly ICE Gas Oil settlement averages and Singapore MGO averages between January 2015 and May 2016.

Month	ICE Gas Oil ($/mt)	+/-	+/-(%)
May 2016	424.15	+53.40	+14.40
Apr 2016	370.75	+15.44	+4.34
Mar 2016	355.31	+49.45	+16.17
Feb 2016	305.86	+15.25	+5.25
Jan 2016	290.61	-62.49	-17.70
Dec 2015	353.10	-82.00	-18.85
Nov 2015	435.10	-22.63	-4.94
Oct 2015	457.73	+12.78	+2.72
Sep 2015	470.51	+6.93	+1.49
Aug 2015	463.58	-57.49	-11.03
Jul 2015	521.07	-58.43	-10.08
Jun 2015	579.50	-21.31	-3.54
May 2015	600.81	+40.13	+7.16
Apr 2015	560.68	+16.68	+3.07
Mar 2015	544.00	-21.73	-3.84
Feb 2015	565.73	+88.96	+18.66
Jan 2015	476.77	-95.89	-16.74

Month	Spore MGO ($/mt)	+/-	+/- (%)
May 2016	416	+53.00	+14.6
Apr 2016	363	+19.00	+5.5
Mar 2016	344	+44.00	+14.7
Feb 2016	300	+9.00	+3.1
Jan 2016	291	-71.00	-19.6
Dec 2015	362	-74.00	-17.0
Nov 2015	436	+5.00	+1.1
Oct 2015	441	-4.00	-0.9
Sep 2015	445	+11.00	+2.53
Aug 2015	434	-60.00	-12.15
Jul 2015	494	-71.00	-12.57
Jun 2015	565	-20.00	-3.42
May 2015	585	+37.00	+6.75
Apr 2015	548	+4.00	+0.70
Mar 2015	544	-11.00	-2.00
Feb 2015	555	+58.00	+11.67
Jan 2015	497	-101.00	-16.89