Bonny Light
$122.13USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 37°
- Sulfur
- 0.15%
Crude grade comparison
Bonny Light vs Mumbai High
Price, Bonny Light spread, quality and refinery yields side by side. Updated .
VS
Bonny Light – Mumbai High spread
+1.85 USD/BBL · Bonny Light premium
Mumbai High
$120.28USD/BBL
■ 0.00(0.00%)
- Class
- Light/Sweet
- API
- 33.5°
- Sulfur
- 0.25%
Bonny Light Crude vs Mumbai High Crude: on July 06, 2026 Bonny Light settled at $122.13/bbl (0.00%) and Mumbai High at $120.28/bbl (0.00%), putting Bonny Light $1.85 above Mumbai High. Bonny Light is light/sweet crude (37° API, 0.15% sulfur); Mumbai High is light/sweet crude (33.5° API, 0.25% sulfur).
Price history
Bonny Light vs Mumbai High price chart
Daily assessed prices in USD per barrel and the spread between them.
- 30-day Bonny Light avg
- $114.27 30 shared days
- 30-day Mumbai High avg
- $120.28 30 shared days
- Average spread
- -6.01 Bonny Light minus Mumbai High
- Days Bonny Light above
- 0 / 30 widest $0 on
Bonny Light – Mumbai High spread $/bbl · above zero: Bonny Light premium · below zero: Mumbai High premium
Free view: last 30 days. Gaps mark days with no assessment. Subscribe for longer history and Excel export.
View as table
| Date | Bonny Light | Mumbai High | Spread |
|---|---|---|---|
| 13 Apr 2026 | - | 120.28 | - |
| 06 Jul 2026 | 122.13 | - | - |
| 02 Jul 2026 | 122.13 | - | - |
| 01 Jul 2026 | 122.13 | - | - |
| 26 Jun 2026 | 122.13 | - | - |
| 25 Jun 2026 | 122.13 | - | - |
| 18 Jun 2026 | 122.13 | - | - |
| 17 Jun 2026 | 122.13 | - | - |
| 16 Jun 2026 | 122.13 | - | - |
| 12 Jun 2026 | 122.13 | - | - |
| 11 Jun 2026 | 122.13 | - | - |
| 10 Jun 2026 | 122.13 | - | - |
| 05 Jun 2026 | 122.13 | - | - |
| 27 May 2026 | 122.13 | - | - |
| 22 May 2026 | 122.13 | - | - |
| 19 May 2026 | 104.60 | - | - |
| 15 May 2026 | 104.60 | - | - |
| 14 May 2026 | 104.60 | - | - |
| 07 May 2026 | 104.60 | - | - |
| 06 May 2026 | 104.60 | - | - |
| 05 May 2026 | 104.60 | - | - |
| 04 May 2026 | 104.60 | - | - |
| 01 May 2026 | 104.60 | - | - |
| 29 Apr 2026 | 71.96 | - | - |
| 09 Apr 2026 | 133.58 | - | - |
| 01 Mar 2026 | 104.60 | - | - |
Price analysis
Highs and lows by period
| Period | Bonny Light | Mumbai High | ||||
|---|---|---|---|---|---|---|
| High | Low | Range | High | Low | Range | |
| 7 Days | - | - | -% | - | - | -% |
| 30 Days | - | - | -% | - | - | -% |
| 90 Days | - | - | -% | - | - | -% |
| 180 Days | 122.13 | 104.6 | 14.35% | - | - | -% |
| 365 Days | 133.58 | 71.96 | 46.13% | 120.28 | 120.28 | 0% |
Range = (high − low) ÷ high.
Daily prices
Recent prices & spread
| Date | Bonny Light | Chg | Mumbai High | Chg | Spread |
|---|---|---|---|---|---|
| 104.60 | 0 | ||||
| 133.58 | 0 | ||||
| 71.96 | -61.62 | ||||
| 104.60 | +32.64 | ||||
| 104.60 | 0 |
Full daily history for both grades since 2019 is available to subscribers.Subscribe now
Crude quality
Quality & refinery yields
How the two crudes differ in the barrel. Each property uses its own scale.
- Bonny Light Crude
- Mumbai High Crude
Physical & chemical properties
API gravityhigher = lighter
BL37°
MH33.5°
Sulfur contenthigher = sourer
BL0.15%
MH0.25%
Densityhigher = heavier
BL0.847 g/cm³
MH0.855 g/cm³
Viscosityhigher = thicker
BL2.9 cSt
MH5.5 cSt
Pour pointhigher = waxier
BL-3 °C
MH12 °C
Typical refinery yields
Gasoline% of barrel
BL50-55%
MH42-46%
Diesel% of barrel
BL20-25%
MH30-34%
Jet fuel% of barrel
BL01-12'%
MH01-12'%
Residual fuel% of barrel
BL08-10'%
MH10-12'%
Bars show each yield range; the faint part runs from 0 to the low end. Scale 0–50%.
Full specification comparison
| Property | Bonny Light Crude | Mumbai High Crude | Bonny Light − Mumbai High |
|---|---|---|---|
| Classification | |||
| Classification | Light/Sweet | Light/Sweet | |
| Origin | Nigeria (Niger Delta) | India (Offshore Mumbai) | |
| Chemical properties | |||
| API gravity | 37° API | 33.5° API | +3.5 °API |
| Sulfur content | 0.15% | 0.25% | -0.1% |
| Density | 0.847 g/cm³ | 0.855 g/cm³ | -0.008 g/cm³ |
| Pour point | -3 °C | 12 °C | -15 °C |
| Viscosity | 2.9 cSt | 5.5 cSt | -2.6 cSt |
| Typical refinery yields | |||
| Gasoline | 50-55% | 42-46% | +9 pts |
| Diesel | 20-25% | 30-34% | -9 pts |
| Jet fuel | 01-12'% | 01-12'% | 0 pts |
| Residual fuel | 08-10'% | 10-12'% | -2 pts |
| Trading & logistics | |||
| Delivery basis | Bonny Terminal, Nigeria | Mumbai production | |
| Major exchanges | Platts, Argus (Brent differential) | Spot differential | |
| Export hub | Bonny Terminal | Mumbai, Kandla terminals | |
| Main destinations | India, Europe, US East Coast | India domestic consumption | |
| Benchmark type | Regional (W. Africa) | Regional (Domestic) | |
| Market profile | |||
| Key characteristics | Premium Nigerian crude, ultra-low sulfur, premium for gasoline | Indian domestic feedstock, FPSO production | |
| Refining notes | Highly valued for gasoline production | Supports India's refinery needs | |
FAQ
Bonny Light vs Mumbai High questions
The spread, the quality gap and why each grade is a benchmark.
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July 06, 2026 Bonny Light Crude was $122.13 and Mumbai High Crude $120.28 per barrel, so Bonny Light traded at a premium of $+1.85 over Mumbai High. Over the previous 30 shared price days the spread averaged -6.01 $/bbl, with Mumbai High priced above Bonny Light on 0 day(s).
Bonny Light Crude is a light/sweet Nigeria (Niger Delta) crude (37° API, 0.15% sulfur) and Regional (W. Africa) benchmark. Mumbai High Crude is a light/sweet India (Offshore Mumbai) crude (33.5° API, 0.25% sulfur) and Regional (Domestic) benchmark.