SUBSCRIBER NOTE: Platts to publish sterling, euro equivalents for European jet, gasoline, gasoil assessments

Following industry feedback, and with effect from October 2, 2017 S&P Global Platts will start publishing price assessments per liter in local currencies as conversions from Platts' existing dollars per ton assessments in Northwest European barge, cargo and Mediterranean cargo markets for jet, gasoline, gasoil and ULSD.

This decision follows on from a proposal note published on July 29, 2017.

These new values are designed to meet demand to better understand the value of these markets in local currencies within Europe, and to see these values expressed by volume, as well as mass. Volatility in foreign exchange rates, particularly in sterling, has increased in the past year, supporting increased interest in certain local currency values. Platts will use its existing assessments of GBP/USD and Eur/USD exchange rates to convert its existing USD/mt assessments in to GBP/liter and Eur/liter values. The conversion factor from tonnes to liters for the new assessments will be as follows:

Jet: 1,224 liters per tonne using 0.800 kg/m3 reference density

Gasoil/ULSD: 1,183 liters per tonne using 0.845 kg/m3 reference density

European grade gasoline: 1,325 liters per tonne using 0.755 kg/m3 reference density

The current $/mt assessments below will be published in liters from October 2:

MED Cargoes to Eur/liter: Prem Unl FOB (AAWZA00), Prem Unl CIF (AAWZB00), Jet FOB (AAIDL00), Jet CIF (AAZBN00), 10 ppm FOB (AAWYY00), 10 ppm CIF (AAWYZ00), Gasoil 0.1% FOB (AAVJI00), Gasoil 0.1% CIF (AAVJJ00)

NWE Cargoes to Eur/liter: Gasoline 10 ppm CIF (AAXFQ00), Jet FOB NWE (PJAAV00), Jet CIF NWE (PJAAU00), ULSD 10 ppm FOB (AAVBF00), ULSD 10ppm CIF (AAVBG00), Diesel 10 ppm NWE FOB (AAWZD00), Diesel 10 ppm NWE CIF (AAWZC00), Gasoil 0.1% FOB (AAYWR00), Gasoil 0.1% CIF (AAYWS00)

Rotterdam Barges to Eur/liter: Eurobob (AAQZV00), 98 RON gasoline (AAKOD00), Premium Gasoline 10 ppm (PGABM00), Jet (PJABA00), Diesel 10 ppm (AAJUS00), Gasoil 50 ppm (AAUQC00), Gasoil 0.1% (AAYWT00)

NWE Cargoes to GBP/liter: Gasoline 10 ppm CIF (AAXFQ00), Jet FOB NWE (PJAAV00), Jet CIF NWE (PJAAU00), ULSD 10 ppm FOB (AAVBF00), ULSD 10 ppm CIF (AAVBG00), Diesel 10 ppm UK (AAVBH00), Gasoil 0.1% FOB (AAYWR00), Gasoil 0.1% CIF (AAYWS00)

FEEDBACK: Please send all comments to europe_crude@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.