

Jet fuel
Overview
Jet fuel market volatility, whether from crude prices, supply issues from refining capacity, or ongoing regulation changes, is a continual risk to your bottom line.
Having a choice in fuel pricing is the best way to mitigate risk and stay on top of market changes. Argus constructs price indexation in a way that is appropriate for each market. By doing so, market participants can align their day-to-day operations, improve management of fuel costs and directly impact their net earnings.
Jet fuel makes up more than 40% of an airline’s total operating expense. The rise in importance of sustainable aviation fuel (SAF) from government mandates and self-regulations from airlines has a direct implication on these operating costs.
Argus helps the jet fuel market participants to make informed decisions and optimize their strategies with price assessments and information on deals done for conventional jet fuel and SAF, as well as the latest market-moving news, in-depth analysis, supply and demand dynamics, and price forecasts.
Latest jet fuel news
Browse the latest market moving news on the global jet fuel industry.
UK GHG emissions fell by 4pc in 2024
UK GHG emissions fell by 4pc in 2024
London, 27 March (Argus) — The UK's greenhouse gas (GHG) emissions fell by 4pc year-on-year in 2024, provisional data released by the government today show, driven principally by lower gas and coal use in the power and industry sectors. GHG emissions in the UK totalled 371mn t of CO2 equivalent (CO2e) last year, the data show, representing a fall of 54pc compared with 1990 levels. The UK has legally-binding targets to cut its GHG emissions by 68pc by 2030 and 81pc by 2035 against 1990 levels, and to reach net zero emissions by 2050. The electricity sector posted the largest proportional year-on-year fall of 15pc, standing 82pc below 1990 levels at 37.5mn t CO2e. The decline was largely a result of record-high net imports and a 7pc increase in renewable output reducing the call on coal and gas-fired generation, as well as the closure of the country's last coal power plant in September , which together outweighed a marginal rise in overall electricity demand, the government said. Industry posted the next largest emissions decline of 9pc, falling to 48.3mn t CO2e, or 69pc below 1990 levels, as a result of lower coal use across sectors and the closure of iron and steel blast furnaces. Fuel supply emissions fell by 6pc to 28.4mn t CO2e, 63pc below where they stood in 1990. And emissions in the UK's highest-emitting sector, domestic transport, fell by 2pc to 110.1mn t CO2e, 15pc below 1990 levels, as road vehicle diesel use declined. Emissions in the remaining sectors, including agriculture, waste and land use, land use change and forestry (LULUCF), edged down collectively by 1pc to 67.2mn t CO2e, some 50pc below 1990 levels. Only emissions from buildings and product uses increased on the year, rising by 2pc as gas use increased, but still standing 27pc below 1990 levels at 79.8mn t CO2e. UK-based international aviation emissions, which are not included in the overall UK GHG figures, rose by 9pc last year to reach pre-Covid 19 pandemic levels of 26.1mn t CO2e, the data show. But UK-based international shipping emissions edged down by 1pc to 6.2mn t CO2e. By Victoria Hatherick Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Virgin, Qatar airlines partner on Australia SAF project
Virgin, Qatar airlines partner on Australia SAF project
Singapore, 27 March (Argus) — Privately-held airline Virgin Australia and state-owned carrier Qatar Airways will partner with bioenergy firm Renewable Developments Australia (RDA) on a sustainable aviation fuel (SAF) project near the city of Charters Towers in northern Queensland state. The project seeks to build an alcohol-to-jet (AtJ) facility with a nameplate capacity of 96mn litres/yr of SAF to be supplied to nearby airports, most likely to terminals at Townsville and Cairns city. The refinery is in the pre-final investment decision stage and is aiming to reach first output in early 2029, according to RDA. "Our SAF facility will be a fully integrated production site, generating sustainable fuel from bioethanol derived from locally grown sugarcane," RDA managing director Tony D'Alessandro said on 27 March. SAF by-products will be used to generate renewable power on-site and increase sustainability credentials, RDA said. Qatar last year agreed to buy a 25pc stake in Virgin , Australia's second-largest airline, with plans to increase international flights to Australia using Qatar planes wet leased by Virgin approved last month. The development comes after Virgin last week agreed to a deal with Australian refiner Viva Energy to operate services from the town of Proserpine in north Queensland using a SAF blend for several months this year . North Queensland's sugar industry has attracted interest from other developers of AtJ plants, including Australian bioenergy developer Jet Zero's 113mn l/yr Project Ulysses at Townsville, which has attracted funding from investors including Australian carrier Qantas, Airbus and Japanese energy conglomerate Idemitsu Kosan. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Airbus launches SAF book and claim pilot scheme
Airbus launches SAF book and claim pilot scheme
London, 25 March (Argus) — European aircraft manufacturer Airbus has launched an international pilot 'book and claim' program for sustainable aviation fuel (SAF), which will run throughout 2025. The program enables buyers of SAF to 'book' the amount they want and 'claim' the equivalent emissions reduction, even if the fuel is used elsewhere. Airbus will facilitate this by buying SAF certificates and managing the corresponding sustainability through the registry of SAF certification body the Roundtable on Sustainable Biomaterials (RSB). Airbus said this will improve supply and demand for SAF worldwide, as well as its accessibility, particularly for customers with limited volumes and that are far from supply points. By Toby Shay Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Airliner Virgin Australia to trial SAF blend
Airliner Virgin Australia to trial SAF blend
Sydney, 21 March (Argus) — Airliner Virgin Australia-operated flights from Australia'sWhitsunday Coast airport will use a sustainable aviation fuel (SAF) blend under a joint trial between the carrier and Australian refiner Viva Energy. Virgin's jet aircraft will use a 30-40pc SAF blend between March and July. The aircraft travel to domestic airports from Proserpine town, a key tourism hub near Queensland state's Whitsunday coast. Both firms did not disclose further details, such as the total volume of SAF, at the time of publication. "Partnership, focused policy development, and collaborations such as this with Viva will be essential if we are to adopt successfully SAF's broader use in Australia over the years and decades ahead," said Virgin's chief corporate affairs and sustainability officer Christian Bennett on 20 March. Privately-held Virgin last September trialled SAF in its fleet of Boeing 737 aircraft, buying 160,000 litres from Indonesian state-owned refiner Pertamina for flights leaving the Indonesian island of Bali. Unlike rival carrier Qantas, which has a target for 10pc SAF by 2030, Virgin has yet to specify a goal for its SAF use. But it has plans to re-enter the long-haul market from mid-year, using wet-leased aircraft from state-owned Qatar Airways, giving it access to airports with greater SAF supply. Viva, the operator of Australia's largest refinery the 120,000 b/d Geelong facility, last month received A$2.4mn ($1.5mn) in state funding to recondition a fuel tank servicing Brisbane airport, to allow for blended SAF supply to jet aircraft. Australia is yet to host any SAF refining capacity, but Canberra this month pledged A$250mn of its A$1.7bn Future Made in Australia innovation fund to low-carbon liquid fuels research and development, after its Labor government earlier promised A$33.5mn for a variety of projects to progress SAF development. Australia ships about 500,000 t/yr of tallow worth about $500mn, a key feedstock for production of HVO and SAF. But uncertainty about the future of tax credits for biofuels in the US under president Donald Trump has seen prices pull back from recent highs. By Tom Major Australian tallow price ($/t) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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