Aviation kerosene price cut 115 yuan fuel surcharge or lower in September

Since August, aviation kerosene prices have formally implemented a new policy called “In January.” In September, domestic aviation kerosene prices were lowered again. It is reported that the National Development and Reform Commission has approved that starting from September 1, the domestic jet fuel price will be lowered from 7,725 yuan per ton in August to 7,610 yuan per ton.

In addition, the airline’s overall procurement cost for CAO also dropped by 115 yuan per ton, from 7,785 yuan per ton in August to 7,670 yuan per ton. As a result, many analysts believe that fuel surcharges will be adjusted accordingly and will be adjusted downwards. However, as of now, the major domestic airlines still have no news and no news of fuel surcharge reduction.

On September 2, many domestic airlines said that they have not yet received a notification of a reduction in fuel surcharges.

According to a survey conducted by the Bainer.com reporter, after the implementation of the "January adjustment" in August, the ex-factory price of domestic aviation kerosene was raised from 7,640 yuan per ton in July to 7,725 yuan per ton. Along with this, the integrated procurement cost of aviation oil from CAO is also rising accordingly.

It is worth mentioning that on the same day, major domestic airlines have raised fuel surcharges on domestic routes. Specifically, for routes over 800 kilometers in length, each passenger’s levy will increase to 150 yuan, and will increase by 10 yuan per person. At this point, the fuel surcharges imposed on domestic routes have also reached the highest level in history.

According to publicly available data, the biggest cost to the airline companies is jet fuel expenses. Take Air China, China Southern Airlines, and Eastern Airlines as the three major domestic airlines for example, their jet fuel cost exceeds their total cost expenditure. 40%, the cost of jet fuel in the airline's total cost expenditure is evident.

The price adjustment means that the total cost of the airline’s expenses will be significantly reduced. Therefore, many analysts believe that the airlines will cut fuel surcharges in the near future, and the estimated drop is about 10 yuan.

However, in terms of the "one-monthly adjustment" of the floating price mechanism, the introduction of this new policy has won the industry and consumers alike. The market interprets this as a test of the marketization of domestic refined oil prices. It is fairer that the supply and demand sides of aviation kerosene should mutually agree on prices.

But the problem is that after the price cut for aviation in September, major airlines still have no intention of lowering fuel surcharges. In response, many consumers stated that although the "one-month-one-tuned" system embodies the principle of fairness, the airline raised the fuel surcharge when the ex-factory price of kerosene was raised. However, when the ex-factory price of kerosene was lowered, it did not immediately reduce the price. The practice of fuel surcharges is obviously unfair. Consumers call for domestic airlines to consider the interests and feelings of consumers and adjust the fuel surcharges in line with kerosene ex-factory prices and other market conditions, instead of “following the upward trend” and only considering their own interests.

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