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Jet fuel prices in region drop by 49.2 per cent in a year
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Jet fuel prices in region drop by 49.2 per cent in a year

This is the largest fall in five years as prices fell in Europe also by 47.6 per cent

Jet fuel prices fell last July by 15.6 per cent to $59.8 per barrel in the Middle East and Africa, according to IATA"™s jet fuel index.

The prices of jet fuel recorded the largest fall in five years as the price of a barrel of jet fuel dropped by 49.2 per cent in the Middle East, making it the most dramatic fall worldwide, UAE-based Al-Khaleej Newspaper reports.

IATA"™s index points out that the Middle East and Africa region recorded the lowest price last year ($59.8 per barrel), while jet fuel prices in Europe dropped by the end of July by 47.6 per cent to $64.1 per barrel and recorded a drop by 15.5 per cent during July only…

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