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News

Regulator cuts aviation fuel price

7 April 2010
China’s fuel price regulators cut the domestic aviation fuel ex-factory price by Rmb10 per tonne to Rmb5,200 from 1 April, the Civil Aviation Administration of China announced.

Xinhua quoted industry analysts saying that fuel costs account for more than 40 per cent of domestic carriers’ total expenses and the move was conducive to cost cutting.

The National Development and Reform Commission announced in November last year a rise in the ex-factory aviation fuel price of Rmb320 per tonne to Rmb5,190. The price rose another Rmb20 per tonne in January 2010 to Rmb5,210.
     
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