Platts updates specification, renames DAP Ecuador gasoline assessment

Platts, part of S&P Global Commodity Insights, has updated the specifications for its Ecuador gasoline assessment on a DAP Esmeraldas basis from RON 93 gasoline to RON 95 gasoline, effective April 18.

State oil company Petroecuador's own product specifications, as well as feedback from market participants and media reports, have demonstrated that RON 93 gasoline is no longer imported by Ecuador with the country importing RON 95 gasoline instead.

Platts data show that Petroecuador began to tender for RON 95 gasoline in the summer of 2022 and began to offer RON 95 gasoline throughout Ecuador in October 2022.

The change to the assessment reflects RON 95 gasoline on a DAP Esmeraldas basis, meeting Petroecuador's specifications, delivered 15-30 days forward in 200,000-300,000 barrel cargoes.

The change was proposed in a subscriber note (opens in a new tab)published March 3, and a decision note(opens in a new tab) was published March 20.

The assessment has been renamed to reflect the specification change as follows:

This assessment appears in Latin American Wire and Oilgram Price Report, and on Platts Global Alert and Refined Product Alert pages 164, 165, 370 and 371.

Please send any comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com .

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