Indian Jet Fuel Demand Inches Up

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Domestic jet fuel sales grew 12% in the first half of December compared with the same period in November, preliminary data of state-owned refiners show. Those firms command a 90% market share. Airlines lifted 129,000 b/d of jet fuel in the first half of December compared with 115,000 b/d in the same period last month. Sales are up 23% this month compared with the first half of December last year, the data showed. Even though the government has allowed carriers to operate at full capacity, jet fuel sales remain 30% below pre-pandemic levels in December 2019. Analysts say that the outbreak of the new Covid-19 variant could derail the recovery in jet fuel demand. Due to Omicron, the government postponed its plans to reopen borders for overseas commercial flights in December. The ban now remains in force until the end of January.

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