Fuel Oil Price Today as on 1st, May, 2025.
Fuel oil spot trading momentum remained broadly quite. VLSFO (very low sulphur fuel oil ) lower priced trade emerged that weighed on cash premium slightly . HSFO (High Sulphur Fuel oil) cracks hit a multi year high on Wednesday buoyed by a drop in crude oil futures and seasonal market strength into late Q2.
Hi-5 Fuel oil spread is the premium of VLSFO over 380 cSt HSFO.
Turning to other markets, crude markets logged in weekly losses. FO prices in India are expected to go down while LDO prices are estimated to revise down in India for the first half of May, 2025.
