China aims to shield airlines from oil cost rises
China’s Finance Ministry raised the import tariff for fuel oil from 1% to 3% for 2010 and jet fuel from 1% to 6%, in a move set to curb imports and rising costs for airlines. [678 words]
Unlock the following content in this report:
- Jet kerosene refinery production soars in Sep-2009
- Airlines increase fuel charge following new fuel surcharge price mechanism
- Fuel surcharges increases in Dec-2009 on the Mainland and in Hong Kong
- Decline in jet fuel prices in Nov-2009 for Air China
Graphs and data:
- Fuel costs as a percentage of total operating costs among Air China, China Eastern and China Southern: 1H2008 to 1H2009
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