The Chinese government has raised domestic jet fuel prices 11% to CNY7,583 per ton ($1,195) as international fuel prices escalate.
Chinese aircraft at Beijing. By Rob Finlayson The Chinese government has raised domestic jet fuel prices 11% to CNY7,583 per ton ($1,195) as international fuel prices escalate. Beijing has adjusted domestic jet fuel prices every month this year as costs fluctuate. Last month, domestic jet fuel prices were raised 1.43% to CNY6,820 per ton (ATW Daily News, Aug. 2). Fuel costs, which account for more than 40% of China’s big three carriers’ total operating expenses, ...
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