Topic
jet fuel
Trade UK vows to phase out Russian diesel and jet fuel imports by new year
The UK government has committed to banning imports of diesel and jet fuel made from Russian oil by 1 January 2027, as part of its sanctions package following the war with Ukraine. The temporary licence for such imports will be reviewed every two weeks and could be revoked earlier. The move has drawn criticism from the EU and campaigners.
Commodities Jet Fuel Prices Surge 10% Amid New Stabilisation Scheme
Jet fuel prices for domestic airlines in India have risen by 10% as state-owned oil companies implement a price stabilisation scheme. The plan allows airlines to lock in fuel rates for up to three years, aiming to mitigate the impact of global oil price volatility.
Trade India Allocates Rs 10k Crore to Stabilize Jet Fuel Prices
The Indian government has allocated Rs 10,000 crore to cap aviation turbine fuel prices, aiming to stabilize airfares amid volatile fuel costs. This initiative, effective for 36 months, seeks to support Indian airlines during the West Asia crisis.