| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Jet Fuel | USA | FOB | USD 1,119.81/MT | May 2026 |
| Jet Fuel | China | FOB | USD 1,116.75/MT | May 2026 |
| Jet Fuel | Netherlands | FOB | USD 1,126.50/MT | May 2026 |
| Jet Fuel | South Korea | FOB | USD 1,110.21/MT | May 2026 |
| Jet Fuel | Australia | FOB | USD 1,151.39/MT | May 2026 |
| Jet Fuel | USA | FOB | USD 407.84/MT | April 2026 |
| Jet Fuel | China | FOB | USD 1,408.50/MT | April 2026 |
| Jet Fuel | Netherlands | FOB | USD 1,500.50/MT | April 2026 |
| Jet Fuel | South Korea | FOB | USD 175.95/Barrel | April 2026 |
| Jet Fuel | Australia | FOB | USD 185.50/Barrel | April 2026 |
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Asia
In China, the prices of Jet Fuel were ~RMB 9.62/kg and ~RMB 7.56/kg, respectively, in the first two months of Q2’26, showing a ~21.4% decrease during the period. Similarly, in South Korea, the prices of Jet Fuel were ~KRW 2,040.54/kg in April and ~KRW 1,671.93/kg in May. Asian jet fuel first moved up sharply as Middle East disruption cut crude and product flows, tightened regional export availability, and raised airline fuel surcharges. However, prices corrected in May as flight schedules were reduced, demand growth expectations were lowered, and buyers resisted higher spot levels. Slower seat-capacity growth and route cancellations weakened fuel consumption, allowing the market to give back part of the earlier risk premium.
Europe
During Q2'26, the prices of Jet Fuel were ~EUR 1.28/kg in April and ~EUR 0.97/kg in the following month, showing a ~24.5% decrease in the Netherlands. Europe was highly exposed to the supply shock because part of its jet fuel supply normally came from the Persian Gulf, while regional production capacity had already declined compared with pre-crisis levels. Prices eased later as alternative supply routes improved, but the market remained sensitive to import dependence and route disruption. Aviation activity also faced pressure from high fuel costs, which limited demand recovery despite the summer travel season.
North America
North America was better supplied than Europe because refinery operations remained strong late in Q2. U.S. refinery inputs stood at 17.1 million b/d, with utilization at 96.1% in the week ending June 19. Jet fuel supplied was also slightly higher year-on-year, showing that aviation demand did not collapse. However, the U.S. West Coast remained exposed to East Asian import competition, especially when Asian buyers were chasing limited cargoes. This kept regional risk uneven.
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Asia
In Asia, the jet fuel price graph displayed upwards movements as a result of decreased flows of supply and heavy reliance on energy imports from the Middle East. The partial closure of the Strait of Hormuz led to the disruption of a large portion of global energy transportation, leading to a shortage of energy in the region. In India, fuel retailers raised aviation turbine fuel prices following the global surge caused by the Iran war, while the government implemented partial price pass-through to protect airlines. India relies heavily on Middle Eastern energy supplies, making it vulnerable to supply shocks, which led to higher procurement costs and supply constraints.
Europe
In Europe, jet fuel prices increased as a result of decreased imports from the Gulf and high reliance on foreign supplies. The European region was primarily dependent on the Gulf area for the supply of jet fuel via the Strait of Hormuz, but when this passage faced disruptions, the supply of the commodity was impacted in the region. Additionally, rising freight costs and limited alternative supply sources further tightened availability.
North America
For North America, the price of jet fuel increased because of the shortage in supply around the globe and rising import costs, partly because of the geopolitical tensions between Iran and the US. Although domestic supply offered some stability, the global supply deficit and higher logistical and freight charges pushed the jet fuel price curve upwards. Airlines faced margin pressure as fuel costs account for a significant share of operating expenses, leading to fare adjustments and operational changes.
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The Study Offers a Detailed Cost Analysis of Fuel Oil Production From The Fractional Distillation Of Crude Oil. In Addition, the Report Incorporates the Manufacturing Process With Detailed Process and Material Flow, Operating Costs Along With Financial Expenses and Depreciation Charges.
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