5-Jul-2011 9:42 AM

China raises jet fuel prices for 3Q2011: reports

CAAC reportedly notified China National Aviation Fuel Group Corp to raise the jet fuel price by CNY50 per ton to CNY7700 (USD1,191) for the Jul-2011 to Sep-2011 quarter (Shanghai Daily, 05-Jul-2011). China removed a 6% import tariff on jet fuel from this month to boost domestic supply and balance its trade.