China jet fuel set to fall again in June

The price of jet fuel in China is expected to continue to fall in June after two months of declines, the China Business News reported on Tuesday.

It is estimated that China Petrochemical Corp will reduce the price of NO 3 jet fuel in June, from 6,970 yuan ($1,137.91) to 6,773 yuan per ton.

However, as the cut in June will not exceed 250 yuan per ton, fuel surcharges will remain unchanged, the report said.