Fuelsure
Average True Cost Index

$7.25USD per metric tonne

About $7,253 on a typical 1,000 MT stem. Across 50 similar stems, that is about $362,664 of annual cost exposure.

Network through 1 June 2026; market views use each market’s latest available delivery date.

Rolling 12-month VLSFO True Cost Index, January to June 2026Hover over, focus, or tap each point to reveal its month and value. January was 6.57 US dollars per metric tonne, February 6.35, March 6.75, April 6.91, May 7.25 and June 7.25.January 2026US$6.57/MTFebruary 2026US$6.35/MTMarch 2026US$6.75/MTApril 2026US$6.91/MTMay 2026US$7.25/MTJune 2026US$7.25/MT
Rolling 12-month VLSFO True Cost Index, January–June 2026. Hover over, focus, or tap a point for its USD/MT value.
Where value leaks

Service and claims are now the largest gap.

Service and claims$3.896/MT · 53.7%
Quantity and energy$2.900/MT · 40.0%
Quality and off-spec$0.457/MT · 6.3%

Components sum to $7.253/MT using the model’s unrounded values; the headline rounds this to $7.25/MT.

Where to look first

ARA is highest and has the widest eligible-supplier spread.

ARA averages $12.51/MT and ranges from $10.08 to $49.89/MT among suppliers with at least three operations.

What buyers can do

Challenge the source of leakage, not only the price.

Start with short delivery, delivered energy, claims recovery and off-spec quality.

Three buying markets

What stands out — and what to do

Singapore

Quantity remains the largest gap, while quality and service improved in the latest six months.

Average True Cost Index$7.26/MTChangeImproving $0.65/MT

What stands out

Quantity remains the largest gap. Recent quality and service improvement more than offset weaker quantity performance.

What buyers can do

  • Compare suppliers on delivered quantity and energy, not quoted price alone.
  • Keep quality and service gains while addressing recent quantity deterioration.

Top and Bottom Suppliers

Top supplier$0.24/MTOver-delivery offsets service
Top supplier$3.40/MTQuantity / energy
Bottom supplier$9.98/MTQuantity / service
Bottom supplier$37.73/MTService / quality

ARA

Service and quantity are the main gaps; lower service leakage drove recent improvement.

Average True Cost Index$12.51/MTChangeImproving $1.38/MT

What stands out

Service is the largest gap, closely followed by quantity. Recent service improvement outweighed weaker quantity and quality performance.

What buyers can do

  • Check claims recovery and service leakage alongside delivered quantity.
  • Use the large supplier spread as an allocation and negotiation signal.

Top and Bottom Suppliers

Top supplier$10.08/MTQuantity / energy
Top supplier$10.60/MTQuantity / service
Bottom supplier$14.99/MTService / quantity
Bottom supplier$49.89/MTService / claims

Panama Canal

Service is the dominant cost driver, although recent performance improved sharply.

Average True Cost Index$11.03/MTChangeImproving $6.83/MT

What stands out

Service remains the dominant cost driver. Quantity, quality and especially service all improved in the latest six months.

What buyers can do

  • Keep more than one supplier in the quote set.
  • Use claims recovery and service performance as explicit award criteria.

Top and Bottom Suppliers

Top supplier$7.54/MTService / quality
Top supplier$9.42/MTService / claims
Bottom supplier$9.94/MTService / claims
Bottom supplier$15.99/MTService / claims

Supplier watchlist

Service and claims flag

$42.65/MT service leakage; $49.89/MT total index in ARA.

Service and quality flag

$26.50/MT service plus $6.24/MT quality; $37.73/MT total in Singapore.

Service leakage flag

$14.35/MT service leakage; $15.99/MT total in Panama Canal.

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  1. Measured true-cost performance.
  2. Specific quantity, energy, quality, service or claims drivers.
  3. Top alternative suppliers in the markets reviewed.

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