Platts European light ends Market on Close incrementability changes

Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for European naphtha and gasoline to increase and decrease by up to $2/metric ton every 20 seconds. This measure is effective March 9, 2026.

Platts is also changing the incrementability guidelines for LPG to increase and decrease by up to $2/mt every 60 seconds, until further notice.

This is opposed to the current $1/mt every 20 seconds for gasoline and naphtha, and the current $1/mt every 60 seconds for LPG.

This change for European light ends reflects current high 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.

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.