06 November 2012 02:59 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese oil majors Sinopec and PetroChina have reduced their November jet kerosene prices by yuan (CNY) 171/tonne ($27/tonne) from October, because of the softening prices in international markets, sources from the two companies said on Tuesday.
Since 1 November, Sinopec and PetroChina have sold their jet kerosene at CNY7,752/tonne and CNY7,742/tonne ex-refinery respectively to China National Aviation Fuel (CNAF), according to the sources.
CNAF is 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
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