Latest news and articles about aviation fuel from NEX English
Francisco Blanch, head of commodity research at Bank of America, reports that the global oil market faces significant challenges due to the ongoing conflict in Iran, impacting the availability of aviation fuel. He notes that restoring oil flows may take considerable time after the war ends.
The Indonesian government is working to stabilize airfare prices amid a global rise in aviation fuel costs. The State Minister emphasized that the increase in fuel prices directly impacts operational costs.
The Bangkok Aviation Fuel Services (BAFS) has urged the Thai government to exempt aviation fuel from the imposed tax of 4.72 baht per liter, warning that this financial burden threatens the competitiveness of the aviation sector in the country. This request comes as fuel prices surge due to global crises.
The Indonesian government has officially announced a 38% increase in the maximum fuel fees as a proactive measure to address the sharp rise in aviation fuel prices. This decision aims to mitigate the impact of the increase on airline ticket prices.
Aviation fuel prices in India have reached a record high, surpassing <strong>200,000 rupees</strong> per kiloliter, directly impacting the aviation and hospitality sectors. This increase is attributed to the ongoing conflict involving the United States, Israel, and Iran, affecting fuel supply chains.
Reports indicate that airfare prices in the UAE have significantly risen due to a substantial increase in aviation fuel costs. This change comes as many residents plan to travel during the upcoming holidays.