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Old 25th October 2001 | 20:25
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MasterGreen
 
Joined: Feb 2000
Posts: 120
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From: New Zealand
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There is a old rule of thumb for this which works out in a general way. However this must be tempered with the knowledge that companies have different hedging arrangements and different places have quite wide ranges of prices.

As a general rule then : Multiply the cost of a barrel of Dubai Crude by 10 and this gives you the cost of a ton (1000kg / 1250 liters) of Jet Fuel.

Todays figures show this approximation holds.

Singapore Jet Fuel = US$24.65 per barrel
A Barrel (in oil terms is, as we all know) = 158.98729 liters.
This gives (at an average SG of 0.8) US$0.15533c per liter == US$194.16 per ton.

Hope this helps.
MG
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