Marine fuel sales in Fujairah (Fujairah) increased by 5% in September 2023, reaching 231,000 tons. This increase compared to the previous month was thanks to the growth in sales of heavy fuels and low-sulfur fuels. According to published statistics, the average daily fuel sales for this month reached about 7,700 tons per day, which is an increase of about 600 tons compared to August.
Details of Fuel Sales Changes in Fujairah
According to published statistics, VLSFO (Very Low Sulfur Fuel Oil) sales in September decreased by 3% to 143,000 tons. In contrast, HSFO (High Sulfur Fuel Oil) sales increased by 18% compared to the previous month, reaching 68,000 tons. Additionally, LSMGO (Low Sulfur Marine Gas Oil) sales also increased by 27% to 19,000 tons this month. These statistics indicate significant changes in the composition of marine fuel sales in Fujairah.
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Composition of Fuel Sales Share in September
In September 2023, the share of different fuel types in total sales was as follows: 62% VLSFO (380cst), 0.21% VLSFO (180cst), 29% HSFO, and 8% LSMGO. Additionally, 0.14% of sales belonged to MGO (Marine Gas Oil) with 0.50% sulfur. These changes in the fuel sales composition reflect changes in market demand and environmental policies impacting the shipping industry.
Given the increasing demand for low-sulfur fuels and stricter global environmental policies, it seems that Fujairah, as one of the key marine fuel supply centers in the region, will face new challenges and opportunities in the near future. Optimal resource management and improving the quality of fuels offered in this region could help strengthen Fujairah's position in the global marine fuel market.
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