For the Quarter Ending June 2026
Jet Kerosene Prices in North America
- In USA, the Jet Kerosene Price Index rose by 34.8% quarter-over-quarter, reflecting stronger quarterly averages.
- The average Jet Kerosene price for the quarter was approximately USD 949.33/MT, reflecting seasonal demand.
- Jet Kerosene Spot Price softened in June amid weaker airline procurement and Gulf refinery output.
- Jet Kerosene Price Forecast indicates peak travel support, but inventory improvements may temper near-term gains.
- Jet Kerosene Production Cost Trend remained subdued as domestic crude availability limited feedstock price transmission.
- Jet Kerosene Demand Outlook weakened; softer leisure travel and cautious airline buying reduced spot activity.
- Jet Kerosene Price Index saw volatility because late-June geopolitical flare ups, inventories constrained price spikes.
- Gulf Coast refinery operating rates supported Jet Kerosene supply while subdued export demand constrained recovery.
Why did the price of Jet Kerosene change in June 2026 in NorthAmerica?
- Ample Gulf Coast refinery output increased Jet Kerosene availability, outweighing short-lived crude price spikes June.
- Weaker leisure travel and restrained airline procurement reduced spot demand for aviation fuel during June.
- Stable logistics and comfortable inventories prevented supply disruptions, while late-month geopolitical tensions briefly pressured markets.
Jet Kerosene Prices in APAC
- In China, the Jet Kerosene Price Index rose by 32.55% quarter-over-quarter, supported by seasonal refining.
- The average Jet Kerosene price for the quarter was approximately USD 954.33/MT, reflecting refining throughput.
- High refinery runs pressured supply balances, depressing the Jet Kerosene Spot Price across domestic hubs.
- Elevated inventories and subdued spot buying pushed down the Jet Kerosene Price Index regionally during.
- Short term assessments showed limited upside; the Jet Kerosene Price Forecast anticipates gradual recovery later.
- Stable crude intake and inventory draws kept the Jet Kerosene Production Cost Trend relatively muted.
- Aviation demand recovered but cautious airline procurement moderated strength in the Jet Kerosene Demand Outlook.
- Export timing and logistical shifts influenced offers, refiners sustained runs, supporting Jet Kerosene Price Index.
Why did the price of Jet Kerosene change in June 2026 in APAC?
- Ample domestic refinery output increased supply, pressuring Jet Kerosene prices despite Middle East crude volatility
- Elevated inventories and subdued spot buying by airlines reduced near term demand, weighing on prices
- Temporary drawdown of crude imports eased feedstock demand, limiting cost pass-through to Jet Kerosene recently
India
- In India, the Jet Kerosene Price Index rose by 12.24% quarter-over-quarter, driven by tighter supply.
- Lower terminal inventories elevated the Jet Kerosene Spot Price, tightening prompt market availability and bids.
Jet Kerosene Prices in Europe
- In Belgium, the Jet Kerosene Price Index rose by 17.58% quarter-over-quarter, reflecting stronger contract coverage.
- The average Jet Kerosene price for the quarter was approximately USD 914.00/MT, per regional assessments.
- Regional Jet Kerosene Spot Price weakness paired with comfortable inventories, pressuring Jet Kerosene Price Index.
- The Jet Kerosene Price Forecast anticipates subdued summer demand and resilient refinery output across ARA.
- Lower crude values reduced Jet Kerosene Production Cost Trend, enabling suppliers to offer competitive pricing.
- Jet Kerosene Demand Outlook remains muted as airlines prioritize contract coverage and limit spot buying.
- ARA refinery operating rates and U.S. Asia imports maintained availability, limiting Price Index upside regionally.
- Comfortable inventories across terminals and weak airline spot purchasing reinforced downward pressure on Price Index and exports.
Why did the price of Jet Kerosene change in June 2026 in Europe?
- Ample regional supply from ARA refineries and U.S.-Asia imports outweighed summer seasonal demand pickup pressure.
- Lower crude prices during June eased refinery production costs, enabling more competitive supplier offers regionally.
- Weak airline spot procurement and comfortable inventories limited demand absorption, suppressing June Jet Kerosene prices.
For the Quarter Ending March 2026
Jet Kerosene Prices in APAC
- In India, the Jet Kerosene Price Index fell by 4.79% quarter-over-quarter, reflecting ample refinery runs.
- The average Jet Kerosene price for the quarter was approximately USD 956.79/MT, per regional assessments.
- Jet Kerosene Spot Price softened as subdued enquiries reduced spot activity, weighing on Price Index.
- Jet Kerosene Price Forecast anticipates modest recovery if export arbitrage tightens and seasonal demand strengthens.
- Jet Kerosene Production Cost Trend showed limited pass-through as crude stability constrained downstream cost increases.
- Jet Kerosene Demand Outlook strengthened in March as holiday travel raised uplift volumes and procurement.
- Price Index movements mirrored export pull and domestic inventory draws, tightening availability across coastal terminals.
- Large coastal refiners operated at high utilisation, supplying but limiting flexibility during export-driven spot spikes.
Why did the price of Jet Kerosene change in March 2026 in APAC?
- Export diversions and Middle East outages tightened finished-product availability, triggering domestic price increases in March.
- Strong seasonal aviation demand during March holidays increased uplift volumes and encouraged airline front-loading of inventories.
- Crude price escalation and war-risk premiums raised landed costs and elevated refinery production cost pressures.
Jet Kerosene Prices in North America
- In the USA, the Jet Kerosene Price Index rose quarter-over-quarter, reflecting steady aviation demand recovery.
- Jet Kerosene Spot Price firmed as domestic consumption and export commitments reduced surplus availability.
- Jet Kerosene Price Forecast suggests stable-to-firm movement supported by summer travel expectations and global supply tightness.
- Jet Kerosene Production Cost Trend increased due to higher crude oil benchmarks and stronger refining margins.
- Jet Kerosene Demand Outlook strengthened in March, supported by rising domestic air traffic and cargo flight activity.
- Inventory levels at Gulf Coast terminals declined, contributing to tighter prompt market conditions and firmer pricing.
- Refinery utilisation remained healthy, though export flows reduced domestic surplus availability in the spot market.
Why did the price of Jet Kerosene change in March 2026 in North America?
- Stronger aviation demand and export commitments tightened domestic jet fuel availability during March.
- Rising crude oil prices increased refining costs, pushing up jet kerosene production economics.
- Lower inventories at Gulf Coast terminals reduced spot liquidity, supporting higher market prices.
Jet Kerosene Prices in Europe
- In the Netherlands, the Jet Kerosene Price Index rose quarter-over-quarter, reflecting tighter import availability.
- Jet Kerosene Spot Price strengthened as reduced inflows from key exporting regions tightened prompt availability across European hubs.
- Jet Kerosene Price Forecast indicates further firmness supported by seasonal aviation demand and persistent geopolitical risk premiums.
- Jet Kerosene Production Cost Trend increased due to higher crude benchmarks and elevated refinery energy costs across Europe.
- Jet Kerosene Demand Outlook improved in March, driven by rising passenger traffic and early spring travel activity.
- Inventory drawdowns at major European storage terminals supported the Jet Kerosene Price Index during late-quarter tightening.
- Refiners operated at steady-to-high utilisation rates, balancing export demand while limiting surplus availability in spot markets.
Why did the price of Jet Kerosene change in March 2026 in Europe?
- Reduced imports from Middle Eastern and Asian suppliers tightened European jet fuel availability during March.
- Seasonal recovery in aviation demand increased uplift volumes across major European airports and hubs.
- Higher crude oil prices and war-risk premiums increased production and import costs, supporting stronger pricing.
For the Quarter Ending December 2025
North America
- In the United States, the Jet Kerosene Price Index rose quarter-over-quarter, supported by firm aviation demand and balanced supply.
- Jet Kerosene Spot Price strengthened toward December as refinery allocations tightened and winter travel demand lifted liftings.
- The Jet Kerosene Production Cost Trend remained elevated, tracking stable-to-firm crude oil and steady refinery operating costs.
- Jet Kerosene Demand Outlook stayed firm as airlines increased schedules for holiday travel and winter tourism.
- The Jet Kerosene Price Index reflected lower discretionary inventories and disciplined refinery supply into the aviation pool.
- Jet Kerosene Price Forecast points to stable-to-firm movement entering early 2026 amid controlled refinery output and steady travel demand.
- Refinery maintenance planning and export arbitrage limited surplus barrels, keeping spot availability snug across key hubs.
Why did the price of Jet Kerosene change in December 2025 in North America?
- Strong holiday travel boosted airline fuel consumption, tightening prompt supply and supporting higher spot prices.
- Refiners prioritized margins and managed run rates carefully, limiting excess jet fuel availability in the spot market.
- Stable crude benchmarks sustained production costs, preventing price softening toward year-end.
APAC
- In India, the Jet Kerosene Price Index rose by 4.46% quarter-over-quarter, with tight supply pressures.
- The average Jet Kerosene price for the quarter was approximately USD 1004.88/MT, per assessed market indications.
- Export demand tightened supplies, raising the Jet Kerosene Spot Price at Mumbai and coastal terminals.
- Stable crude supported refinery margins, keeping the Jet Kerosene Production Cost Trend elevated in December.
- Holiday travel boosted offtake and increased schedules; Jet Kerosene Demand Outlook remained firm this season.
- Moderate inventories and port throughput constrained prompt availability, keeping the Jet Kerosene Price Index supported.
- Forward buying and term procurement tightened prompt barrels, shaping the Jet Kerosene Price Forecast higher.
- Refinery export commitments reduced inland barrels, elevating offers and firming domestic Jet Kerosene Spot Price.
Why did the price of Jet Kerosene change in December 2025 in APAC?
- Holiday-season aviation demand surged, tightening spot availability and pushing refiner offers higher at Mumbai terminals.
- Export commitments drew prompt barrels abroad, reducing inland inventories and constraining domestic supply for airlines.
- Stable crude supported refinery margins, preventing year-end relief and sustaining Jet Kerosene Production Cost Trend.
Europe
- In Northwest Europe, the Jet Kerosene Price Index increased quarter-over-quarter, driven by seasonal demand strength.
- Jet Kerosene Spot Price firmed in December as aviation demand rose and arbitrage flows reduced regional availability.
- The Jet Kerosene Production Cost Trend stayed firm, supported by stable Brent crude and steady refinery feedstock economics.
- Jet Kerosene Demand Outlook improved as airlines ramped up winter holiday schedules and long-haul travel activity.
- The Jet Kerosene Price Index remained supported by moderate stocks and steady drawdowns at ARA storage hubs.
- Jet Kerosene Price Forecast suggests limited downside, with firm fundamentals likely to persist into early Q1 2026.
- Refinery exports and controlled operating rates constrained spot barrels, reinforcing firm pricing across European markets.
Why did the price of Jet Kerosene change in December 2025 in Europe?
- Seasonal air travel demand increased sharply, accelerating inventory drawdowns and supporting higher prices.
- Export flows and inter-regional arbitrage reduced prompt availability within Europe, tightening supply.
- Stable crude oil prices maintained elevated production costs, sustaining jet fuel price levels through December.
For the Quarter Ending September 2025
North America
- The Jet Kerosene Price Index in North America showed a mild upward trend during Q3 2025, supported by stronger demand from commercial aviation, military operations, and domestic heating sectors.
- Spot Price activity remained firm throughout the quarter, with prices climbing toward the end of September. This was driven by seasonal travel demand and increased procurement from airlines preparing for Q4 operations.
- Prices increased in September due to a combination of higher jet fuel consumption, seasonal heating demand, and tight inventory control by refiners. Despite stable crude oil benchmarks, regional supply constraints and logistical costs contributed to the uptick.
- The Production Cost Trend remained relatively stable, with refiners benefiting from steady crude oil input prices and efficient throughput. However, localized transportation and storage costs added marginal pressure to overall margins.
- The Demand Outlook for Jet Kerosene in North America was optimistic, with airline activity rebounding and military procurement remaining consistent. Heating fuel demand also began to rise as colder weather approached, supporting broader consumption.
Why did the price of Jet Kerosene change in September 2025 in North America?
- Increased aviation and heating demand drove procurement activity higher.
- Stable production costs and tight inventory management supported price discipline.
- Logistical constraints and seasonal factors contributed to the modest price increase.
APAC
- In India, the Jet Kerosene Price Index rose by 2.08% quarter-over-quarter, driven by crude benchmarks.
- The average Jet Kerosene price for the quarter was approximately USD 961.96/MT, inclusive of logistics.
- East Asian exports to Europe reduced available volumes, tightening Jet Kerosene Spot Price for India.
- Jet Kerosene Price Forecast indicates volatility as seasonal demand recovery competes with crude price drivers.
- Jet Kerosene Production Cost Trend shows increases from refining margins, feedstock costs, and elevated shipping.
- Jet Kerosene Demand Outlook indicates recovery driven by festival travel, though SAF blending restrains volumes.
- Inventory buffers supported Jet Kerosene Price Index stability despite import competition and refinery allocation changes.
- Export demand from Europe tightened local supply, pressuring margins and prompting stock draws by refiners.
Why did the price of Jet Kerosene change in September 2025 in APAC?
- Stronger international crude benchmarks increased input costs, transmitting higher import parity prices to domestic markets.
- Tighter East Asian exports to Europe reduced available imports, tightening supply and lifting spot differentials.
- Rising freight and logistics costs with seasonal demand recovery eroded inventories and pressured domestic pricing.
Europe
- The Jet Kerosene Price Index in Europe showed a modest upward trend during Q3 2025, supported by increased air travel and seasonal heating demand. This marked a continuation of the recovery seen since early 2025, although growth remained moderate.
- Spot Price activity firmed through the quarter, particularly in September, as airlines ramped up procurement ahead of the autumn travel season. Prices were also influenced by tighter supply from refiners prioritizing diesel and gasoline output.
- Prices increased in September due to a combination of higher aviation fuel consumption, seasonal heating needs, and refinery output adjustments. While crude oil benchmarks remained relatively stable, logistical constraints and regional supply tightness contributed to the price rise.
- The Production Cost Trend remained steady, with refiners benefiting from stable Brent crude prices and efficient throughput. However, localized energy costs and carbon compliance expenses added marginal pressure to refining margins.
- The Demand Outlook for Jet Kerosene in Europe was positive, driven by commercial aviation, military operations, and domestic heating. The rebound in international travel and cargo flights provided consistent support, while heating oil blending added seasonal demand.
Why did the price of Jet Kerosene change in September 2025 in Europe?
- Increased aviation and heating demand drove procurement activity higher.
- Stable production costs and refinery output shifts supported price firmness.
- Logistical constraints and seasonal factors contributed to the modest price increase.
