Fujairah bunker sales rose by 15% in March
Increased sales of VLSFO, LSMGO and HSFO pushed Fujairah’s total bunker sales higher in March than in February, according to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from February to March:
- Total sales up by 15% to 628,000 mt
- VLSFO sales up by 13% to 429,000 mt
- HSFO sales up by 18% to 167,000 mt
- LSMGO sales up by 34% to 32,000 mt
Sales of the most in-demand product, VLSFO, rose by 50,000 mt to reach 429,000 mt in March - the highest volume since September. This equates to about 13,900 mt/day, an increase from 13,600 mt/day in February, which had fewer days.
During the same period, LSMGO sales increased by around 8,000 mt to 32,000 mt, while HSFO sales climbed by 25,000 mt to 167,000 mt.
Despite these gains, the port’s total bunker sales in the first quarter of this year were 9% lower compared to the same period last year.
Fuel grade share of total sales in March (compared to the year to date):
- 68% VLSFO 380cst (67% YTD)
- 0.19% VLSFO 180cst (0.22% YTD)
- 27% HSFO (27% YTD)
- 5% LSMGO (5% YTD)
- 0.02% 0.50% MGO (0.03% YTD)
By Tuhin Roy
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