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TMC warns that new IMO rules mandating ultra-low-sulphur fuel in merchant shipping from 1 January 2020 could significantly raise road diesel prices. Refiners must produce about 4 million barrels per day of low-sulphur marine fuel, tightening capacity for ULSD.
UK diesel pump prices had reached a four-year high, averaging 134.6ppl.
Diverting refinery output to low-sulphur marine fuel tightens distillate supply and supports diesel prices ahead of the 2020 deadline, raising farm and feed transport costs.
fleetnews.co.ukGareth RobertsSep 20, 2018After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
