03 August 2012 04:57 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese oil majors Sinopec and PetroChina have raised their August jet kerosene prices by yuan (CNY) 96/tonne ($15/tonne) month on month, in line with firming international prices, sources from both companies said on Friday.
Since 1 August, Sinopec and PetroChina have been charging CNY6,814/tonne and CNY6,804/tonne ex-refinery respectively for jet kerosene supplies to China National Aviation Fuel – the sole jet fuel supplier to airlines in ?xml:namespace>
Under the existing pricing mechanism, jet fuel prices are adjusted on the first day of each month to reflect changes of the benchmarking mean prices in
($1 = CNY6.37)
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