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It moves up and down with the market, and for the Persian Gulf, the Dubai Platt (as delivered in Furajah) is quoted.

The Platt quotes are published by Wiley and is actually not the price of the commodity Gasoil, but for the future option. Futures are traded for deliveries to be done and is used by the banks to split the profit or loss made on commodity traded on long term contracts. The pertinent question to raise is then if the Platt price quoted is formed by the banks to meet their "bets" on expected price, or actually determined by variation in supply and demand for a product.

There are a number of sites that provide the price quote. You need a paid subscription to receive the quote from Platt. The alternative is to look at bunker-prices (ship'd fuel) world wide. These bunker prices are what ship-owers pay for 1 MT of "MDO" or "MGO" - Marine Diesel Oil/ Marine Gas Oil. The other bunker fuels are furnace oils such as CST180

Read more: What_is_the_current_platt_price_for_D2_diesel

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12y ago

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