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Jet Fuel Price Monitor

Economics

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 up 3.5% at $88/bbl:

http://edit.iata.org/publications/economics/fuel-monitor/PublishingImages/Table_200519.png


Impact of jet fuel price developments on 2019's industry total fuel bill

Jet fuel price average for 2019
$81.1/bbl
Impact on 2019 fuel bill
-$4.5 billion

Note: Excluding handling costs


Recent jet fuel price developments

DATE
INDEX
17 May
​240.5
10 May
​232.3
​3 May
​233.2
26 April
​231.5



Jet fuel price developments - impact of Euro/US$ exchange rate movements

 http://edit.iata.org/publications/economics/fuel-monitor/PublishingImages/ChartA_200519.png


Jet fuel price developments - longer term perspective

 


Jet fuel price developments - impact of Euro/US$ exchange rate movements

 http://edit.iata.org/publications/economics/fuel-monitor/PublishingImages/ChartC_200519.png


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.

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