The retail prices for Gasoil 10PPM and Unleaded Petrol 95 over the 3Q period of YR2025:
Global oil demand is projected to increase by 680 kb/d in 2025 and 700 kb/d in 2026, to reach 104.4 mb/d. Despite weaker-than-expected demand in China, India and Brazil in recent months, annual growth of 600 kb/d in 2Q25 occurred entirely in the non-OECD. Consumption in the OECD was flat, with Japan at multi-decade lows.
The retail petrol (Mogas) prices show a slight increase by +4VT/L over the last 5 months (December 2024 to April 2025). The retail mazut (ADO) price was 162 VT/L in December 2024 and is up by +3 VT/L to 165 VT/L in April 2025. As of April 2025 the retail price of petrol is at 180 VT/L while the wholesale price is at 167 VT/L. For diesel, in April 2025, the retail price is 165 VT/L and the wholesale price is at 152 VT/L.
The final workshop of the Vanuatu National Electrification Master Plan (NEMP) has been a success, with around 40 people attending the event in person from Port Vila, and over 20 people connecting virtually to a full morning dedicated to the country's electrification needs.
Oil prices were dropping on Friday morning as traders returned to focus on demand concerns in the light of no immediate escalation in the Middle East following Iran's assassination of Hamas' political leader.