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Global jet fuel prices soar on supply concerns, Platts says

Worker preparing to refuel an aeroplane

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5th March 2026

By: Reuters

  

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Jet fuel prices have soared globally with the Singapore rate hitting an all-time high on supply disruption concern, S&P Global Platts said on Thursday.

Singapore jet fuel price hit an all-time high of $231.42/bbl on Wednesday.

Northwest Europe jet fuel also reached its highest level since start of Russia-Ukraine war at $1 259.75/t.

US gulf coast pipeline jet fuel benchmark prices rose by 11.4% to 348.63 cents a gallon, the highest since October 2022.

Edited by Reuters

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