Sinopec, PetroChina hike Aug jet kerosene prices by CNY219/tonne

01 August 2013 09:50  [Source: ICIS news]

SINGAPORE (ICIS)--Sinopec and PetroChina have raised their prices for August-delivery jet kerosene by yuan (CNY) 219/tonne ($36/tonne) from July, in line with strengthening values of the fuel in the international markets, company sources said on Thursday.

Sinopec’s jet kerosene price is now at CNY6,995/tonne ex-refinery to China National Aviation Fuel (CNAF), while PetroChina’s selling price to the same buyer is CNY6,965/tonne ex-refinery.

CNAF is the biggest provider of jet kerosene to airlines in China.

Under the existing pricing mechanism in China, jet fuel prices are adjusted on the first day of each month to reflect changes in the benchmark prices in Singapore in the previous month.

($1 = CNY6.13)

By: Amy Sun
+65 6780 4359

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