Refined Products, Gasoline
September 05, 2025
Platts to continue monitoring Singapore gasoline specification for RON 92, RON 95, RON 97
Platts, part of S&P Global Commodity Insights, is seeking continued feedback on how the benchmark FOB Singapore for RON 92, RON 95 and RON 97 specifications is expected to evolve in the coming years amid the ongoing specification change in the Asia Pacific.
Platts on Jan. 27 opened a consultation and extended the consultation June 6, seeking industry feedback to review the specifications reflected in its FOB Singapore RON 92, RON 95 and RON 97 assessments. Specifically, Platts was reviewing the suitability of continuing to assess these grades with the maximum sulfur level of 50 ppm and lead content at a maximum lead level of 0.013 gpb/l ahead of the anticipated changes in trade flows and evolving quality standards.
The subscriber notes announcing the consultation period published Jan. 27 and the subscriber note extending the consultation period published on June 6 can be found at the following links, respectively: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/012725-platts-opens-consultation-on-fob-singapore-gasoline-specifications
In line with market feedback gathered during the consultation, Platts is not making any changes to the specifications reflected in its benchmark FOB Singapore RON 92, RON 95 and RON 97 assessments at this time.
Background to consultation
Platts had understood that Malaysia, a key gasoline importer, had announced a three-year step change to move from its domestic gasoline specifications from the current Euro 4M to Euro 5M by 2027. The country was expected to lower the sulfur and lead limits for its domestic gasoline in 2025, followed by several changes in distillation, Reid Vapor Pressure, oxygen content and oxygenates in 2026. Malaysia was also expected to make a final change to tighten its current benzene, olefins and aromatics limits, which would have taken place in 2027. However, due to ongoing domestic discussion, Platts understands that the national change to the domestic specifications has been delayed.
In addition, Indonesia, the region's largest gasoline importer, is also proceeding with its own improvement of its domestic gasoline specification. To date, in the second half of the year, the country's imports of Ron 92 gasoline have seen sulfur levels improve from 400 ppm at the start of the year to 350 ppm. Indonesia is potentially targeting a change to 50 ppm sulfur by 2028 or later.
Australia, the region's largest non-oxygenated gasoline importer, is on schedule to lower its sulfur limit for gasoline in the country from the current 150 ppm for 92 RON and 50 ppm for 95 RON to 10 ppm for both grades by December. In line with this progress, Platts has amended its FOB Singapore 91 RON non-oxygenated gasoline to reflect the changes. For more details, please see https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/090425-platts-amends-fob-singapore-non-oxygenated-91-ron-gasoline-specifications-from-jan-2-2026
Platts periodically reviews the specifications of all its assessments to ensure they are representative of the most tradable grades. Such reviews may lead to changes to the existing specifications of an assessment, though any changes would be subject to further industry consultation ahead of any final decision.
Platts last updated the specifications of these assessments on July 1, 2019.
Platts' specifications for the Singapore gasoline assessments can be found here.
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