Platts European light ends Market on Close incrementability changes

Effective immediately, March 5, 2026, Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for European naphtha, gasoline and LPG (physical and derivatives) to increase by up to $2/mt every 20 seconds, until further notice.

This is as opposed to the current $1/mt every 20 seconds.

This temporary change for European light ends reflects current volatility in the market due to vessel transit issues via the Strait of Hormuz.

The standard timing and increments for the Platts Market on Close assessment process for oil can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology

Platts reserves the right to change incrementability guidelines in the MOC throughout the day, depending on evolving market conditions.

These changes apply to the Platts FOB Med gasoline cargoes, Platts NWE gasoline barges and cargoes, Platts CIF NWE naphtha cargoes, Platts European LPG coasters, cargoes and barges, and all related Platts European gasoline and naphtha derivatives assessments.

Please send all feedback, comments and questions to PL_LightendsEurope@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.