Aviation fuel prices in Europe look set to jump next year when the European Union starts levying a 4.7% duty on jet fuel imports from the Middle East. The new levy follows last year’s reform of the EU’s generalized scheme of preferences (GSP) for developing countries, which will become effective Jan. 1, 2014. It will affect the Gulf Cooperation Council (GCC) states—Saudi Arabia, Kuwait, Bahrain, Qatar, United Arab Emirates and Oman—which have now been classified ...

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