As of early May 2025, global bunker fuel prices have shown a slight upward movement, marking a modest rebound after weeks of decline, reports Container News.
The 380 HSFO index rose to $470.18 per metric ton, VLSFO climbed to $541.60, and MGO increased to $730.93.
Upward trend for global bunker indices
Despite these gains, the price gap between 380 HSFO and VLSFO remains below the $100 breakeven point, continuing to favor the use of VLSFO over 380 HSFO with scrubbers.
In regional markets, Rotterdam saw a $21 increase in the spread between 380 HSFO and VLSFO, with a weekly average gain of $6. Singapore’s spread added $5, with a weekly average increase of $11.66—again reinforcing the economic edge of VLSFO.
Looking ahead, the bunker market is expected to remain volatile with no clear trend. Geopolitical tensions and shifts toward cleaner fuels, particularly in key regions like the Mediterranean, are likely to shape future pricing and demand patterns.
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Source: Container News
