The Chinese government has cut domestic jet fuel prices by 5% to CNY7,509 ($1,181) per ton as international fuel prices keep falling. This is the third time the Chinese government has reduced domestic jet fuel prices this year. Beijing cut domestic fuel prices 3.8% to CNY7,360 in January and 1.6% to CNY7,932 per ton in May. The Chinese government has raised fuel prices three times this year (ATW Daily News, April 6). Fuel costs comprise more than 40% of China’s big three ...

Subscribe to Access this Entire Article

"Beijing cuts domestic fuel prices by 5%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.