Marine fuel sales in Singapore remained generally steady in August 2026, while the number of vessels called for loading decreased during the month. Nevertheless, the increase in average loading size and growth in sales of HSFO and MGO grades compensated for this decline.
Fuel Sales Changes from July to August
According to preliminary data from the Maritime and Port Authority of Singapore (MPA), sales of HSFO and MGO grades increased by 7% and 2% respectively in August, while VLSFO sales decreased by 6%. Overall, these changes resulted in the total volume of fuel sales remaining stable compared to the previous month.
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Details of Singapore Port Performance
The Port of Singapore registered 3,588 vessels for fuel loading in August, a decrease of 87 vessels compared to July. Despite the reduction in the number of vessels, the average loading size increased to about 1,300 metric tons (mt), up from 1,260 metric tons in July, indicating a positive trend.
Overall, fuel sales in the first eight months of this year have increased by 4% compared to the same period last year. This increase reflects sustained demand for fuel in the international market, and Singapore appears to continue its growth as one of the main marine fuel loading hubs in Asia.
Fuel Market Analysis
The growth in HSFO and MGO sales can be attributed to several factors, including improved economic conditions in some target markets and changes in environmental regulations that have increased demand for specific fuel grades. Furthermore, as Singapore is recognized as a key hub in maritime transport in Asia, this increase could benefit the country and lead to higher port and economic revenues.
The Singapore government and relevant authorities should pay attention to this trend and develop appropriate strategies to maintain and enhance their position in the global marine fuel market. Given the intense competition in this field, creating new innovations and optimizing processes could help strengthen this position.
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