This jet fuel price index provides the latest price data from the leading energy information provider Platts. The index and price data shows the global average price paid at the refinery for aviation jet fuel on the reported date.
Please note that we are unable to provide historical price data; for additional fuel price information visit the Platts jet fuel microsite.
Fuel Price Analysis
The jet fuel price ended last week down 2.2% at $59.2/bbl:
Impact of jet fuel price developments on 2020's industry total fuel bill
|Jet fuel price average for 2020||$46.6/bbl|
|Impact on 2020 fuel bill||-$118.7 billion|
Note: Excluding handling costs
Recent jet fuel price developments
Taking a look at the price action over the past twelve months:
Jet fuel price developments - longer term perspective
Jet fuel price developments - impact of Euro/US$ exchange rate movements
Methodology for Platts Jet Fuel price index
Platts Jet Fuel Price Index is published by S&P Global Platts, reflecting its daily assessments of physical spot market Jet Fuel spot prices in the relevant regional centers. When a market is not assessed on a particular day, for instance because of a market holiday, the previous working day's spot market price assessment is used.
Each of the individual Platts' assessments is given a weighting by Platts in the regional baskets, based primarily on demand for jet fuel in the region; in a similar way, each of the regional indices is given a weighting in the Global Composite Index .
These values are compared with the average spot prices in 2000, similarly weighted by demand during that period, to generate a percentage figure reflecting the overall rise in markets compared to the base period. As an example, an index value of 200 reflects a doubling of price since the year 2000.
The full detail of the methodology can be found on the S&P Global Platts website.
Please note that all aspects of the Jet Fuel Price Index methodology and data, including the underlying data, are the intellectual property of S&P Global Platts, a division of S&P Global.