38 resultsfor “jet fuel price increase Europe”
prices dramatically. In late February, before the first US and Israeli airstrikes, jet fuel was trading at $831 per tonne in Europe. By early April, it had touched $1838 – an increase
Europe's imports. The bulk of it comes through the Strait of Hormuz, which Iran has effectively closed in response to US and Israeli attacks. The increase in jet fuel prices
price increases as jet fuel is one of their most significant expenses, and they rely heavily on imports from the Middle East. [Around 75 per cent](/news/2026/4/16/jet-fuel-shortage-why-iran-war-could-ground-flights-in-europe#:~:text=Europe
price increases and reductions in flight frequency. The International Energy Agency (IEA) also [warned](https://www.theguardian.com/business/2026/apr/16/europe-supply-jet-fuel-iran-war-flight-cancellations-iea) recently that Europe has only six weeks of jet fuel
Increases in air fares for travellers in Europe are “inevitable” over the peak summer period because of the [high cost of jet fuel](https://www.theguardian.com/business/2026/may/06/totally-grounded-how-the-jet-fuel-crisis-could-change-our-summer-holidays-and-world-history), according to the head of the international aviation body
increases. Fuel costs soared by more than 70% since the start of the war, according to the [Platts Jet Fuel Price Index](https://www.spglobal.com/energy/en/pricing-benchmarks/assessments/refined-products/jet-fuel?utm_source=google&utm_medium=cpc&utm_campaign=2025_refining_global_new_logos_price_assessments_inbound_google_ads&utm_id=701cm000009weWBAAY&gad_source=1&gad_campaignid=21883439964&gbraid=0AAAAADz9Xd4D-4L_dg_Vt4EhEeUvGPSqE&gclid=CjwKCAjwqazPBhALEiwAOuXqdNrhdmzx6mMf_L5pCNQhnB0txgEN14igNn4HzqyeJh5jgtdmYrBJvRoCAtoQAvD_BwE). In Europe
increase baggage fees, raise fares](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) Jet fuel prices [have roughly doubled](https://www.npr.org/2026/04/16/nx-s1-5785258/jet-fuel-airline-cost-iran-war-oil) since the start of the U.S. and Israeli-led war, and airlines in Europe
prices in response to the increase in fuel costs. Earlier this week, Europe’s airport trade body warned that the regions smaller airports may not survive if [jet
prices across the economy will increase. - ➡️ **Airlines are facing rising costs**, and Airports Council International Europe, a group representing airport operators, has warned of a [potential "systemic jet fuel
increase in petrol prices has put pressure on the US president, Donald Trump. However, there have not yet been outright shortages of jet fuel as shipments that set off before the war continued to arrive
jet fuel requirements to April 2027 at about $67 a barrel, unit costs on fuel could still rise if prices remained higher, it said. The company also flagged that it expected its environmental taxes
jet fuel are continuing to arrive in the UK and the UK's critical supply of CO2 has been shored up." The majority of the UK's CO2 is imported from Europe
jet fuel made from Russian oil in third countries [have been watered down amid concerns over supplies and price rises](https://www.bbc.co.uk/news/articles/cy42x3g7r89o). However, Jarvis told the BBC's Today programme: "We've seen absolutely
price of medicines increased? Since the early days of the war, Iran has blocked the Strait of Hormuz, through which 20 percent of the world’s oil and liquefied natural gas (LNG) supplies are shipped
prices and raised concerns](https://www.bbc.co.uk/news/articles/c86d9v28qxxo) about possible shortages in the months to come. Europe, and the UK in particular, are usually highly reliant on imports from the region, and have been scrambling
Europe lacks.” “The CEC is closely monitoring fuel supply and price conditions resulting from the ongoing conflict in the Middle East and is actively coordinating with industry, fellow state agencies, and other stakeholders to assess
price increase even sharper than the spikes seen in gasoline and diesel. In response, airlines around the world are [cutting routes](https://www.aviacionline.com/english/commercial-aviation/europe/norse-atlantic-reports-record-trask-but-cuts-california-flights_a69df8301f677f0d145b49100), raising [fares](https://www.wsj.com/business/airlines/airline-flight-cost-jet-fuel-impact-6ade2e32), adding [fuel surcharges](https://www.westjet.com/en-ca/news/2026/westjet-group-update-on-fuel-pricing-and-response)
Europe, with airlines beginning to cut thousands of flights as supplies of jet fuel run critically low. Former negotiators have said that the closure of the strait of Hormuz is [a powerful new bargaining chip
increase in overall transport prices in the year to March, [the fastest annual rate since December 2022](https://www.theguardian.com/business/2026/apr/22/uk-inflation-rises-soaring-fuel-prices-iran-war). On Tuesday, [airlines lobbied the UK government](https://www.theguardian.com/business/2026/apr/21/airlines-uk-relax-rules-fuel-shortage) to relax environmental and noise
jet fuel](https://www.theguardian.com/business/2026/apr/24/uk-eases-airline-penalties-jet-fuel-shortages-flights). In normal times, Dubai and Doha are key hubs for medicine air freight moving to Europe from India, known as the world’s pharmacy, where the bulk of off-patent