Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Residual Fuels (Heavy Fuel Oils, Including #5, #6, and Other Residual Fuels) (WPU057407) from Jun 1985 to Sep 2025 about residual, fuels, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2023, average price of heavy fuel for all consumers amounted to 1,057.3 British pounds per metric ton. Overall, small consumer tend to pay higher prices compared to medium and large consumers. Price of heavy fuel oil per metric ton for the manufacturing industry has oscillated since 2010. Between 2010 and 2012, the average price of all consumers continuously increased. From 2013 onwards, figures declined to the low of 359.5 British pounds per metric ton in 2016, and rose in the following years.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average (APU000072511) from Nov 1978 to Sep 2025 about fuels, energy, retail, price, and USA.

Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data was reported at 685.610 EUR/Ton in 2022. This records an increase from the previous number of 419.940 EUR/Ton for 2021. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data is updated yearly, averaging 358.918 EUR/Ton from Dec 2003 (Median) to 2022, with 20 observations. The data reached an all-time high of 685.610 EUR/Ton in 2022 and a record low of 154.000 EUR/Ton in 2004. Austria Energy Prices: Net: Annual Avg: Heavy Fuel Oil: Industry data remains active status in CEIC and is reported by Statistics Austria. The data is categorized under Global Database’s Austria – Table AT.P001: Energy Prices: Annual Average.

This table shows the average recommended prices per quarter for home fire oil, petroleum and heavy fuel oil. The prices are exclusive VAT. The first results made available relate to the average for the year 1996. Since then, the research has been quarterly frequency. The data for heavy fuel oil are up to the 1st quarter of 2004 available for petroleum up to the 2nd quarter of 2004. The annual data are available from 1996, quarterly data from 1997. The prices of heavy fuel oil and petroleum are only available up to and including the 1st and 2nd quarters of 2004 respectively. The data are for as regards petroleum and heavy fuel oil from the Dutch Organisation for the Energy Industry (NOVE). For the prices of domestic fire oil is the source of the major oil companies.

Data available from: 1996 Frequency: quarterly.

Status of the figures: The published prices are immediately final.

When are new figures coming? Stop it.

United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data was reported at 463.172 GBP/Tonne in Jun 2018. This records an increase from the previous number of 446.503 GBP/Tonne for Mar 2018. United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data is updated quarterly, averaging 150.950 GBP/Tonne from Mar 1989 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 627.500 GBP/Tonne in Mar 2012 and a record low of 59.300 GBP/Tonne in Mar 1992. United Kingdom Purchase Price: Heavy Fuel Oil: Total Average data remains active status in CEIC and is reported by Department for Business, Energy and Industrial Strategy. The data is categorized under Global Database’s United Kingdom – Table UK.P008: Energy Overview: Purchase Price.

Real-time heavy fuel oil 380 price data updated every 5 minutes

In August 2025, the average monthly price of very low sulfur fuel oil (VLSFO) stood at ***** U.S. dollars per metric ton. The price of VLSFO is strongly influenced by external factors, such as the price of crude oil and market forces of supply and demand. In the past two years, two separate events have had a profound effect on the price of VLSFO: the International Maritime Organization (IMO) sulfur cap on fuel oil in 2020 and, more recently, the Russian invasion of Ukraine and the Israeli invasion of Gaza. Effects of the 2020 IMO sulfur cap In January 2020, a new limit on the sulfur content in fuel oil was introduced by the IMO. The goal of the cap was to reduce the concentration of sulfur in the air, thus reducing air pollution and preventing harm to marine ecosystems as well as protecting human health. Ship operators were forced to switch to VLSFO to comply with the new regulation, leading to a higher demand for VLSFO which in turn caused the price of VLSFO to increase to *** U.S. dollars per metric ton in January 2020. Shortly afterward, the world was hit with the outbreak of the COVID-19 pandemic. With production facilities shutting down worldwide, maritime transport considerably slowed, driving the price of VLSFO to a historic minimum of *** U.S. dollars per metric ton in April 2020. Escalating conflict in Ukraine could raise fuel prices After the Russian invasion of Ukraine in February 2022, most of the West reacted by imposing sanctions on Russia to weaken its economy. Although vital for the Russian economy, the Russian oil industry remained untargeted by direct sanctions during the first days of the invasion. However, sanctions cutting off Russia’s access to international financial markets and the SWIFT payment system, as well as divestments of Western oil companies from the Russian oil industry, could severely impact the country’s oil sector. In 2020, Russia was the third-largest producer of crude oil in the world, accounting for about ** percent of the world’s crude oil production. Disruptions to the Russian oil industry could, therefore, have consequences for the supply of oil to the global market and drive prices up. Since crude oil is the main component of VLSFO, an increase in the price of crude oil will most likely lead to a rise in the price of VLSFO.

Graph and download economic data for Producer Price Index by Industry: Petroleum Refineries: Heavy Fuel Oils, Including No. 5, No. 6, Heavy Diesel, Gas Enrichment Oils, Etc. (DISCONTINUED) (PCU324110324110DY) from Jan 1947 to Dec 2017 about refineries, diesel, heavy weight, petroleum, fuels, oil, gas, PPI, industry, inflation, price index, indexes, price, and USA.

Crude Oil fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on December of 2025.

Discover the latest insights on the global fuel oil market. This comprehensive analysis reveals a market valued at $150 billion in 2025, projected to grow at a 3.5% CAGR through 2033. Explore market drivers, restraints, regional trends, and key players shaping this dynamic industry.

In 2021, the average price of light fuel oil was around ** New Zealand cents per liter. Light fuel oil has consistently been priced higher than heavy fuel oil in the country.

Italy Petroleum Price: Industrial: Heavy Fuel Oil: Low Sulfur Content data was reported at 0.473 EUR/kg in Oct 2018. This records an increase from the previous number of 0.436 EUR/kg for Sep 2018. Italy Petroleum Price: Industrial: Heavy Fuel Oil: Low Sulfur Content data is updated monthly, averaging 0.345 EUR/kg from Jan 2002 (Median) to Oct 2018, with 202 observations. The data reached an all-time high of 0.662 EUR/kg in Mar 2012 and a record low of 0.162 EUR/kg in Feb 2002. Italy Petroleum Price: Industrial: Heavy Fuel Oil: Low Sulfur Content data remains active status in CEIC and is reported by Unione Petrolifera. The data is categorized under Global Database’s Italy – Table IT.P001: Petroleum Price.

The global Marine Heavy Fuel Oil market is poised for significant expansion, projected to reach an estimated value of approximately $125 billion by 2025, with a robust Compound Annual Growth Rate (CAGR) of around 3.5% expected throughout the forecast period of 2025-2033. This growth is primarily propelled by the continued reliance on Heavy Fuel Oil (HFO) in various maritime applications, particularly for older vessel fleets and in regions where regulatory frameworks are less stringent regarding emissions. The market's dynamism is further fueled by increasing global trade volumes, which necessitate greater maritime transport capacity, consequently driving demand for HFO as a cost-effective fuel option. The commercial segment, encompassing cargo ships, tankers, and container vessels, is anticipated to dominate the market, owing to its sheer volume and continuous operational cycles. Within the types segment, IFO 380 is expected to maintain its prominence due to its widespread availability and suitability for a broad range of marine engines, though IFO 180 will also contribute to market demand, especially in specific operational contexts. Despite the positive growth trajectory, the market faces considerable headwinds. Stringent environmental regulations and the global push towards decarbonization are major restraints, encouraging a gradual shift towards alternative, cleaner fuels like LNG, methanol, and ammonia. The International Maritime Organization's (IMO) ambitious targets for greenhouse gas reduction and initiatives like the EU Emissions Trading System (ETS) are accelerating this transition, posing a long-term challenge to HFO dominance. Furthermore, fluctuating crude oil prices can impact the cost-effectiveness of HFO, indirectly influencing its demand. Geographically, the Asia Pacific region, led by China and India, is expected to be a significant growth engine due to its expansive maritime trade and a substantial existing fleet. However, Europe, with its proactive stance on environmental policies, might see a slower but more sustainable adoption of cleaner fuels, impacting HFO demand in the long run. Companies like Shell, Exxon Mobil Corporation, and Sinopec are key players navigating this complex market, investing in both traditional HFO supply and emerging alternative fuel solutions. Here's a comprehensive report description on Marine Heavy Fuel Oil, adhering to your specifications:

This report provides an in-depth examination of the global Marine Heavy Fuel Oil (HFO) market, delving into its characteristics, trends, market dynamics, key players, and future outlook. With a focus on actionable insights, this analysis will equip stakeholders with the knowledge to navigate this evolving industry.

The price of heavy crude oil is influenced by supply and demand dynamics, sulfur content, geopolitical factors, and market sentiment. This article discusses the various factors that affect the price of heavy crude oil and provides insights for market participants to assess and predict its future price movements.

Snapshot img { margin: 10px !important; } The heavy fuel oil market size will decrease by USD 52.68 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (shipping and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., Indian Oil Corp. Ltd., Neste Oyj, PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA.

Market Overview

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. PetroChina Co. Ltd., Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and TOTAL SA are some of the major market participants. Although the rising seaborne trade will offer growth opportunities, the implementation of MARPOL regulations will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this heavy fuel oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this heavy fuel oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

BP Plc
Chevron Corp.
Exxon Mobil Corp.
Indian Oil Corp. Ltd.
Neste Oyj
PetroChina Co. Ltd.
Qatar Petroleum
Rosneft Oil Co.
Royal Dutch Shell Plc
TOTAL SA

Heavy Fuel Oil Market: Segmentation by Region

APAC had the largest heavy fuel oil market share in 2019. The growing requirement for energy and the growth in seaborne trade will influence the demand for heavy fuel oil in this region.

37% of the market’s decremental growth will originate from APAC during the forecast period. Singapore and China are the key markets for heavy fuel oil in APAC.

Heavy Fuel Oil Market: Segmentation by End-user

Heavy oil is highly preferred in the marine segment as the energy obtained from burning heavy fuel oil inside a combustion chamber rotates the propeller of the ship, thus propelling the vessel.

Market growth in this segment will be slower than the growth of the market in the others’ segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the heavy fuel oil market size.

Heavy Fuel Oil Market: Key Drivers and Trends

The increasing industrialization and liberalization of national economies have fueled the demand for consumer products, thus enhancing trade activities. Heavy fuel oil is mainly used in the shipping industry as marine fuel. It is used to generate motion as well as heat and has high density and viscosity. Furthermore, seaborne transport is a key component of globalization that enables international trade and support supply chains, and also plays a crucial role in cross-border transportation. It further nurtures industrial development by supporting manufacturing growth, bringing together consumers and industries, and promoting regional economic and trade integration. Additionally, the growth in the availability of shipping data and application of Big data analytics in the shipping industry also provides greater visibility into the market as well as the pricing trends. The rise in seaborne trade activities will significantly influence the growth of the heavy fuel oil market during the forecast period.

Scrubbers are used to remove particulate matters and harmful gases, which are generated as a result of combustion processes in marine engines in order to implement pollution control into the environment.
Companies that manufacture marine scrubbers are forming collaborations within the value chain to improve the technology and simplify the installation process.
The scrubbing systems are manufactured and installed to treat exhaust from engines, onshore and onboard marine vessels, auxiliary engines and boilers, to ensure that no damage is done to human life and environment by toxic chemicals.
The development of scrubber technology fuels the use of high-sulfur heavy fuel oil.
During 2020-2024, the market will register a CAGR of over (15)%.

Heavy Fuel Oil Market: Key Highlights of the Report for the Forecast Period 2020-2024

CAGR of the market durin

The Brazil Bunker Fuel Market is booming, projected to reach $2.25 billion by 2025 with a 7.10% CAGR through 2033. Driven by increased maritime trade and offshore activity, this market faces challenges from fluctuating oil prices and environmental regulations. Learn about key players, market segmentation, and future trends in this comprehensive analysis. Key drivers for this market are: 4., Increasing LNG Trade4.; Rising Marine Transportation. Potential restraints include: 4., Fluctuations in Crude Oil Prices. Notable trends are: Very Low Sulphur Fuel Oil (VLSFO) to Witness Significant Growth.

France Petroleum and Refiner Price: Rotterdam Heavy Fuel Oil, 1% Sulphur data was reported at 494.100 USD/Ton in Oct 2018. This records an increase from the previous number of 457.900 USD/Ton for Sep 2018. France Petroleum and Refiner Price: Rotterdam Heavy Fuel Oil, 1% Sulphur data is updated monthly, averaging 168.700 USD/Ton from Jan 1990 (Median) to Oct 2018, with 346 observations. The data reached an all-time high of 738.000 USD/Ton in Mar 2012 and a record low of 55.700 USD/Ton in Dec 1998. France Petroleum and Refiner Price: Rotterdam Heavy Fuel Oil, 1% Sulphur data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.P006: Petroleum and Refiner Price.

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

United States - Producer Price Index by Industry: Petroleum Refineries: Heavy Fuel Oils, Including No. 5, No. 6, Heavy Diesel, Gas Enrichment Oils, Etc. (DISCONTINUED) was 255.30000 Index Jun 1985=100 in December of 2017, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Petroleum Refineries: Heavy Fuel Oils, Including No. 5, No. 6, Heavy Diesel, Gas Enrichment Oils, Etc. (DISCONTINUED) reached a record high of 434.60000 in March of 2012 and a record low of 7.20000 in June of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Petroleum Refineries: Heavy Fuel Oils, Including No. 5, No. 6, Heavy Diesel, Gas Enrichment Oils, Etc. (DISCONTINUED) - last updated from the United States Federal Reserve on November of 2025.