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Ministry of Transport

Fuel prices

AR022 Jet fuel spot price (US$/gallon)

Prices of jet fuel have been highly volatile. Prices shown here, from the US Energy Information Administration, are reflective of world market prices in US dollars. In New Zealand, additional volatility is introduced by the fluctuations of the NZ dollar against the US dollar.

Volatility in oil markets poses a challenge for airlines. An increase in crude oil prices lifts the industry’s largest input cost. But a price decrease can lead to lower airfares, spurring demand for travel and pushing airlines to increase capacity.

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