The overall prices of refined products in 2014 dipped in line with the crude prices. The average 2014
gasoline 95 price fell to USD 111.0 per bbl from USD 119.2 per bbl recorded in 2013. However, the margin between
gasoline and the Dubai crude prices was up slightly due to higher demand for gasoline in Vietnam and Indonesia
and the lower supply of gasoline because of certain refinery maintenance shutdowns. The average 2014 diesel
price fell from the 2013 level of USD 123.4 per bbl to USD 112.7 per bbl due to higher supply from the Middle East.
Because of the lower demand for power generation in Japan, Teapot refineries in China, and in the global marine
transport this year, the average fuel oil price went from USD 97.5 per bbl down to USD 88.4 per bbl. Similarly,
the average price of cooking gas, LPG CP, also dropped from USD 868 per ton to USD 799 per ton.