Fuel Mixtures Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Fuel Mixtures in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Fuel Mixtures Price Trend for the First Half of 2023

Fuel Mixtures are the basic blended fuels like ethanol blended fuels used for various combustion purposes. Because of its biosynthesis, governments have been trying hard to raise ethanol blending capacities to reduce fossil fuel consumption. Market sentiments for Fuel Mixtures were mixed during the first half of 2023.

Fuel Mixtures Price Chart

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The crude oil market was steady and fluctuated within a limited range since American oil reached the global market, too. Demands were moderate, and the prices were modest. However, the ethanol market was behaving fairly well; with the rapid rise in its utilization and popularity of biofuels, the market was looking positive. In conjunction, both anchored the Fuel Mixtures market trend.

Analyst Insight

According to Procurement Resource, the Fuel Mixtures market holds good future potential. The prices are likely to fluctuate with volatile demands in the coming months.

Fuel Mixtures Price Trend for the Second Half of 2022

In the Asian Pacific region, the production of fuel mixtures such as ethanol-blended products increased in the last two quarters of 2022. The Indian government allowed a 10% blending of ethanol in petrol and is further proceeding to increase this value to 20%. This led to a hike in the price of ethanol which soared significantly in the end months of 2022. These blended fuel mixtures will be able to meet the domestic demand as well as the rising inquiries from the importing nations.

India is progressing to reduce its dependence on oil imports by increasing the supply of ethanol-based petrol in the region. In addition to this, the shifting of the global market towards environment-friendly substitutes and rising concerns over the use of traditional fuel choices globally have also supported the price hike of fuel mixtures. Along with this, the support from the government and consumers is also driving the price trend for fuel mixtures in the region.

Analyst Insight

According to Procurement Resource, the prices of Fuel Mixtures are expected to follow an uprising trend in the upcoming quarters. The increasing consumer confidence and support from the government will drive the market for fuel mixtures.

Fuel Mixtures Price Trend For the First Half of 2022

The unparalleled rise in fuel prices due to the Russia- Ukraine conflict has led the market/people to pivot towards blended fuels to meet its requirements. E85- a fuel blend of petrol and 85% bioethanol, recorded a significant rise in its sales throughout the European region. E85 is currently half the price of gasoline. The French government reduced the fuel tax on E85 to stabilize the market and incentivize the sale of ethanol blend fuels.

The US House of Representatives passed a bill- ‘Reducing Food and Fuel Costs Act’, to address the surging prices of food and fuel. The bill addressed the high fuel prices by expanding the availability of fuel mixtures, with ethanol fuel blends being the most commonly available. The US government lifted the fuel restrictions of around 15% on ethanol fuel blends. Hence, the price trend of fuel mixtures kept anchored in the global market due to the consumer demands and continuous efforts by the governments to incentivize their usage.

Procurement Resource provides latest prices of Fuel Mixtures. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.