a recent spurt has been witnessed in the demand for ultra low sulphur diesel (ulsd), with several European countries switching over to the green fuel (containing 50 parts per million of sulphur). The resultant shortage has pushed up ulsd prices on the Rotterdam (Netherlands) barge market by us $20 a tonne.

The price of ulsd stood at us $ 54 over the London ipe (International Petroleum Exchange) gas oil futures, compared to the regular diesel quotes at around us $20 over the ipe