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

In recognition of demand to better understand the value of transport fuels in local currencies within Europe, and to see these values expressed by volume, as well as mass, and in line with a decision published on August 29, 2017 S&P Global Platts has launched sterling and euro per liter assessments for jet, gasoline and gasoil

The decision note is published here:

https://www.platts.com/subscriber-notes-details/26794646 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: 1224 liters per tonne using 0.800 kg/m3 reference density

Gasoil/ULSD: 1183 liters per tonne using 0.845 kg/m3 reference density

European grade gasoline: 1325 liters per tonne using 0.755 kg/m3 reference density

The new assessments appear on Platts Global Alert pages 1370 and 1371; in Platts' European Marketscan and Oilgram Price Report; and in the Platts price database.

Please send all further comments to europe_crude@spglobal.com and pricegroup@spglobal.com.

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