Prices & Margins
Average kero margins 2019
The source of the graphs on this page is the Price Totem
data published each month in Fuel Oil News. Figures for
the Republic of Ireland are adjusted by the exchange
rate to be comparable to pence per litre. Margins on
average rose across all grades vs 2018; notably, kero was
up across the board, by as much as 2ppl on 2018 prices.
The regional spread of gasoil margins widened to 3ppl vs
2018’s 2ppl, while diesel was largely unchanged, sticking
to a range of 2.5ppl to 4ppl.
Regional margins
Kero margins continued to be highest in the South East
and North East at 11ppl and 8ppl respectively, while
Northern Ireland saw margins fall by up to 1ppl on both
kero and gasoil grades vs 2018 averages. Scotland saw the
highest diesel margins at 4ppl as the Midlands retreated
towards 3.5ppl. By comparison, the North West saw
generally the lowest margins across all products.
12.00
11.00
10.00
9.00
8.00
7.00
6.00
5.00
4.00
3.00
2.00
Prices fluctuate
Kero
Dec 2018 Dec 2019 Inc/Dec
37.18 37.66 +0.48
Gasoil 47.43 48.44 +1.01
Derv 95.00 96.15 +1.15
Average gas oil margins 2019
6.00
Despite being a fairly volatile year that saw a wholesale
price spread of 8ppl across all grades, 2019’s average
prices for kero, diesel and gasoil fell overall (albeit less than
1ppl) vs 2018. Having been suppressed for most of the
year due to low demand, refined product prices picked up
during the second half of the year, notably reaching a high
in September due to a 5% drop in production caused by
attacks on Saudi Arabia.
5.00
4.00
3.00
2.00
Platts buying prices
1.00
Average buying prices 2019 – kero and gas oil
65.00
60.00
55.00
50.00
Average ULSD margins 2019
45.00
40.00
6.00
110.00
Average buying prices 2019 – ULSD
4.00
3.00
2.00
100.00
90.00
1.00
80.00
60.00
70.00
5.00
30.00
35.00
Fuel Oil News | January 2020 9