Katerina Swanson
The price of jet fuel is a highly dynamic metric that is influenced by various factors such as demand, energy markets, and regional variations. When it comes to Canada, there are specific sources that provide insights into jet fuel prices, particularly for aviation purposes. One source mentions that Air Canada's average fuel cost is given in Canadian dollar cents per liter, although specific figures are not disclosed. Another source indicates that jet fuel prices in Canada are presented per barrel, metric ton, gallon, and liter, but again, concrete numbers are not provided. To gain a clearer understanding of the current jet fuel prices in Canada, it would be advisable to consult specialized websites or industry reports that offer real-time data and take into account the unique factors impacting fuel pricing in the Canadian market.
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What You'll Learn
Jet fuel price per barrel, metric ton, gallon, and liter
The price of jet fuel varies depending on the region and the demand for jet fuel in that area. The Jet Fuel Price Monitor provides information on jet fuel prices, but historical price data is not available. The prices are given in US dollars per barrel, US cents per gallon, and US dollars per metric ton.
The global average jet fuel price for one barrel was $92.92 as of last week, a 0.3% decrease from the previous week. The price of jet fuel per barrel in Canada is not readily available, but one source indicates that the price of Jet A1 fuel is 88.3 bbl/$. Additionally, the price of JP-8 jet fuel is $90.04968 per barrel.
The price of jet fuel per metric ton in Canada is not explicitly stated, but one source provides a contact number for inquiries regarding jet fuel rates in the country.
The price of jet fuel per gallon in Canada is also not explicitly provided in the sources. However, it is important to note that the prices are given in US cents per gallon.
The price of jet fuel per liter in Canada is not directly mentioned in the sources. However, one source provides a link to the Platts jet fuel microsite for additional fuel price information.
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Jet fuel price change week-over-week
The price of jet fuel is a variable figure that is in constant flux. The Jet Fuel Price Monitor provides the latest price data from the leading energy information provider, Platts. The data is reflected in the Jet Fuel Price Index, which shows the average prices paid per week at the refinery for aviation jet fuel.
The price of jet fuel per barrel can vary from week to week, and even day to day. For example, the global average jet fuel price for one week in 2023 fell by 0.3% compared to the previous week, reaching $92.92 per barrel. This decrease marked a slight drop in the overall price of jet fuel from the week before.
While the Jet Fuel Price Monitor provides valuable insights into the average weekly prices, it is essential to recognize that jet fuel prices can vary across different regions and markets. Demand plays a significant role in determining the price of jet fuel in a particular region. Platts considers the demand for jet fuel in a region when assigning weightings to the individual Platts' assessments in the regional baskets.
By comparing these values with the average spot prices from the year 2000, similarly weighted by demand during that period, a percentage figure is generated. This figure reflects the overall rise or fall in jet fuel prices in the current market compared to the base period. Therefore, while the Jet Fuel Price Monitor offers a comprehensive overview of price changes, regional variations may exist, and demand continues to be a key factor influencing jet fuel pricing.
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Jet fuel price compared to 2000
The price of jet fuel has seen a significant increase since the year 2000. During the 1990s, jet fuel prices were relatively stable, but the turn of the century marked a period of surging prices and volatility. Since 2000, the airline industry has contended with substantially higher fuel prices.
In the year 2000, the average price of jet fuel was $36 per barrel. By 2012, prices had risen to $3.17 per gallon in the United States, translating to approximately $118.14 per barrel. This represents more than a tripling of the price since 2000.
The price of jet fuel is closely tied to the global price of crude oil, with fluctuations in oil prices directly impacting the cost of jet fuel. As a result, the airline industry has faced challenges in long-term planning due to unpredictable fuel costs. Fuel typically accounts for about 40% to 50% of a single flight's operating costs, and this percentage can vary significantly due to volatile fuel prices.
The impact of rising fuel prices on the airline industry is profound. With fuel expenses constituting around 20-30% of an airline's total expenses, financial instability can occur. Additionally, the focus has shifted towards aircraft design that prioritizes fuel efficiency to mitigate the impact of unpredictable fuel costs.
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Jet fuel price by region
The price of jet fuel varies across different regions and is influenced by factors such as demand and energy providers. For instance, in the United States, the national average price for jet fuel as of July 28, 2025, was $6.29 per gallon, with prices fluctuating across different FAA regions. The FAA Alaska region reported the highest jet fuel price at $8.08 per gallon, while the FAA Central region had the lowest price at $5.60 per gallon.
In Canada, the price of jet fuel is also subject to variation. While specific prices per litre were not readily available, the cost is provided per barrel, metric ton, gallon, and litre. As of July 24, 2025, the price of Jet-A1 fuel in Canada was 88.3 bbl/$.
The Jet Fuel Price Monitor by IATA provides weekly updates on jet fuel prices globally. As of June 2025, the global average jet fuel price had decreased by 0.3% from the previous week to $92.92 per barrel. This price reflects the average cost paid at refineries for aviation jet fuel.
Platts, a leading energy information provider, also offers insights into jet fuel prices through its Platts jet fuel microsite. Their assessments are weighted based on regional demand and contribute to the Global Composite Index. However, historical price data may not be available through this source.
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$8.95
Jet fuel price for Air Canada in 2023
The price of jet fuel is dependent on various factors, including the region and demand. In 2023, Air Canada paid nearly 112 Canadian cents for each liter of jet fuel, a decrease from the 130 cents paid in the previous year. This price is in line with the overall decline in jet fuel prices in Canada in 2023 compared to 2019. The COVID-19 pandemic significantly impacted jet fuel demand and prices, with a sharp drop in 2020 and a gradual recovery from 2021 onwards. By 2023, jet fuel demand had increased, and the number of air passengers was approximately 7% lower than in 2019.
While the price per liter of jet fuel for Air Canada specifically is not publicly available, we can look at the broader context of jet fuel prices in Canada and the factors influencing them. Jet fuel prices are typically quoted in either US dollars or the local currency. As of late July 2025, the price of jet fuel in Canada is quoted as 88.3 bbl/$. This price is for Jet A1 fuel and includes prices per barrel, metric ton, gallon, and liter. It is worth noting that jet fuel prices can vary by region within Canada and are influenced by factors such as supply, demand, and global economic conditions.
The cost of jet fuel is a significant expense for airlines, and fluctuations in fuel prices can impact their operational costs and profitability. Air Canada, as one of the country's major airlines, closely monitors fuel prices and works to mitigate the impact of price volatility. In recent years, there has been a growing focus on sustainable aviation fuel and improving energy efficiency to reduce the reliance on petroleum-based jet fuel.
While the specific price of jet fuel for Air Canada in 2023 is not publicly available, we can estimate that it was likely below the 130 Canadian cents per liter paid in the previous year, given the overall decline in jet fuel prices and the recovery in passenger air travel. The exact price would depend on various factors, including regional variations and Air Canada's specific fuel procurement strategies.
In summary, while the exact jet fuel price for Air Canada in 2023 is not known, it likely ranged below 130 Canadian cents per liter, influenced by market demand, recovery in air travel, and the broader economic context. The price of jet fuel is a critical factor in the aviation industry, impacting operational costs and strategies for airlines like Air Canada.
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