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China plans to cut jet fuel prices to aid airlines, consumers

China plans to cut jet fuel prices to aid airlines, consumers

Publicerat av Tony Harkén lördag, 18 maj 2019.

China is planning to lower wholesale aviation fuel prices as early as July, part of Beijing’s pledge to reduce business costs in a slowing economy.

The cuts will apply to both ex-refinery prices and rates charged to airlines by China’s dominant jet fuel distributor China National Aviation Fuel Group (CNAF), and could amount to a total annual savings to airlines of more than one billion yuan ($145 million), said the industry executive on Thursday.

Read more at - China plans to cut jet fuel prices to aid airlines, consumers

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

CN - Time
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