Kerosene price trend in the second quarter of 2022
The purchasing resource provides the latest prices for kerosene. Each price database is linked to a user-friendly graphical tool dating back to 2014, which offers a range of features: configure price series over user-defined time periods; compare product flows across countries; customize price currencies and units; extract price data as an excel file for offline use.
Kerosene price trend in the second quarter of 2022
Kerosene price in India in February 2022 is INR 57.09/litre. As the country's economy improves, disposable funds increase, resulting in increased air traffic. Also, the presence of many competitors in the airline business reduces the cost of air travel. Hence, the global kerosene market has witnessed tremendous growth. Increasing use of alternative clean energy sources such as biofuels and fuel cells is a major market restraint for the global kerosene industry. This led to a substitution of kerosene, which stifled the market development.
Asian jet fuel demand had climbed to 45 cents a barrel FOB Singapore by mid-November 2021, almost double its value at the start of the month, pointing to increased aircraft activity. By December, the cash differential had climbed to 75 cents/bbl, while refining margins had contracted to $11.52/bbl above Dubai crude, indicating significantly higher demand from the aviation industry. According to the DGCA, kerosene prices in India rose by an average of 13% (excluding Mumbai) from 3Q levels in 4QFY21 as demand recovered in October and the number of passengers traveling by air increased by 70%. Ease restrictions on international and domestic travel. Jet fuel use in India also hit a 19-month high in October.
US kerosene prices in 4Q21 were higher than the previous quarter due to higher upstream crude oil prices. Prices in the fourth quarter were about 15 percent higher than in the third quarter. On an FOB US Gulf basis, the average price is about $2.14/gallon. Kerosene prices had risen to a yearly high of $2.31 a gallon by the second week of October, but were gradually easing back by late December as demand dwindled.
