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.
By 8th April 2025, the SSP Vanuatu will be switching to stocks from March 2025 MRT Cheetah CH23 consignment (February MOPS benchmark) following the FIFO procedure. SSP Vanuatu advices that the Means of Platts Singapore (MOPS) continues to fluctuate with a slight drop in Gasoil (GO) MOPS in February. The petrol MOPS was noted to remain almost stable. The MR tanker freight charges, as well as the exchange rates, on the other hand, on this tanker is seen to increase slightly.
Biggest Oil Price Drop Since 2021
Oil prices has dramatically decreased in the face of USA’s import tariffs, OPEC+’s decision to fast-track production cuts and China’s retaliatory actions, wiping off $10 per barrel from the global oil prices. ICE Brent fell below $65 per barrel for the first time since August 2021. This may show up in the benchmark for Platts Singapore eventually reflecting this in the Asia market but this remains to be seen in the next month’s how this will impact the fuel prices for Vanuatu’s market.
