Jet fuel prices may rise on new norms

The Hindu Business Line - - FLIGHTPLAN -

Prices for jet fuel for later this year and into 2020 are ex­pected to rise due to new ma­rine fuel reg­u­la­tions as the need for lower-sul­phur fu­els in ships cuts into the avail­able sup­ply of diesel or jet fuel. But global abun­dance of light crude could help off­set that.

A spe­cial NIA court in Ahmed­abad, on Tues­day, awarded life im­pris­on­ment to a Mum­bai-based busi­ness­man and im­posed a fine of ₹5 crore on him for leav­ing a hi­jack threat note on a Jet Air­ways plane in Oc­to­ber 2017.

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