Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Intensified US-Iran military actions disrupt oil shipments through the Strait of Hormuz, causing a sharp spike in crude oil prices. The price jump leads to severe depreciation of the Indian rupee, raising import costs and inflationary concerns.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Kerosene | USA | FOB | USD 1,205.13/MT | May 2026 |
| Kerosene | Saudi Arabia | FOB | USD 1,053.95/MT | May 2026 |
| Kerosene | Japan | FOB | USD 1,123.78/MT | May 2026 |
| Kerosene | Singapore | FOB | USD 1,092.77/MT | May 2026 |
| Kerosene | Canada | FOB | USD 1,225.13/MT | May 2026 |
| Kerosene | USA | FOB | USD 434.80/MT | April 2026 |
| Kerosene | Saudi Arabia | FOB | USD 169.84/Barrel | April 2026 |
| Kerosene | Japan | FOB | USD 177.73/Barrel | April 2026 |
| Kerosene | Singapore | FOB | USD 176.25/Barrel | April 2026 |
| Kerosene | Canada | FOB | USD 434.80/MT | April 2026 |
Stay updated with the latest Kerosene prices, historical data, and tailored regional analysis
Asia
In Saudi Arabia, the prices of Kerosene were ~SAR 4.90/kg in April and ~SAR 3.93/kg in May, showing a ~19.8% decrease. In Japan, the prices of Kerosene were ~JPY 214.95/kg in April and ~JPY 179.02/kg in the following month, showing a ~16.7% decrease. Asian kerosene prices corrected after the April spike as buyers resisted high levels and aviation demand softened. The market had risen sharply earlier because Asian crude imports were expected to fall 22% year-on-year in April, reducing refinery feedstock availability. Refinery runs were also lower, cutting jet fuel and kerosene output. However, weaker airline schedules, reduced seat-capacity growth, and lower fuel demand allowed May prices to fall.
Europe
Europe’s kerosene market stayed tight in Q2’26 because the region depends heavily on imported aviation kerosene. Regional refineries produced around 1.1 million b/d against consumption of about 1.6 million b/d, leaving a structural import gap. The loss of Middle East cargoes in April lifted risk premiums sharply. Prices later eased as alternative supply flows improved, but the market did not fully normalize because summer travel demand was approaching and import dependence remained high. Strategic reserves reduced immediate panic, but spot buyers stayed cautious due to route disruption and high replacement costs.
North America
North America was comparatively better supplied because domestic refinery runs stayed strong. U.S. refineries processed 17.1 million b/d of crude in the week ending June 19, with utilization at 96.1%, helping protect kerosene-type jet fuel availability. Demand was also more balanced, with jet fuel implied demand rising slightly year-on-year over the prior four weeks. However, the market still corrected in June as the global supply panic eased. The West Coast remained the most exposed area because it competes with Asia for imported barrels.
Analyst Insight
According to Procurement Resource, in the near term, kerosene prices may stay sensitive to Middle East flows and refinery run rates. Softer aviation demand could cap upside unless fresh supply disruption returns.
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Asia
In Asia, kerosene prices increased due to strong supply-side pressure and import dependence. The Iran war disrupted tanker routes through the Strait of Hormuz, raising freight and insurance costs and tightening supply availability. India imports a large share of its crude from the Middle East, and disruptions to these flows forced refiners to seek alternative sources and adjust logistics, increasing production costs and supporting kerosene price increases. Feedstock shortages and delayed cargo arrivals reduced refinery output flexibility, while demand from aviation and household fuel segments remained stable but price-sensitive, limiting stronger consumption growth.
Europe
In Europe, kerosene prices increased due to constrained imports and higher procurement costs. Disruptions in Gulf exports forced buyers to compete for limited cargoes, raising freight rates and insurance premiums. Partial rerouting of LNG and energy cargoes affected supply chains, while a stronger dollar increased import costs. Supply tightness combined with cautious downstream demand from aviation and industrial sectors kept prices elevated, though inflation and economic uncertainty restricted demand expansion.
North America
In the North American markets, kerosene prices increased due to global supply tightening and elevated transportation costs. Reduced availability of imported feedstock and higher risk premiums on shipments supported price increases. Strategic stockpiles and domestic production adjustments helped maintain supply stability, but elevated geopolitical risks and higher refining costs sustained upward pressure on kerosene prices. Demand from the aviation and heating sectors remained steady but sensitive to price increases, limiting sharper consumption growth.
Kerosene is one of the most common combustible hydrocarbon liquid. It is derived from petroleum. It is extensively utilised as a fuel in aviation and households. Kerosene is also known for its low viscosity. It is a clear liquid that is formed from hydrocarbons obtained from the fractional distillation of petroleum.
CxHy (mixture of hydrocarbons)
Jet engines, Rocket engines, Cooking fuel, Lighting and heating fuel, Extraction process, Solvent, Lubricant
Paraffin, Lamp Oil, Coal Oil, Heating oil
Royal Dutch Shell (Shell), Chevron Corporation, Exxon Mobil Corporation , BP p.l.c., LUKOIL
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, after the extraction of crude oil from the earth’s surface, it is heated to separate the components and obtain Kerosene via evaporation. This is followed by condensation and purification of Kerosene.
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This report presents a detailed cost analysis of dicyclopentadiene production from a crude C5s stream.
This report provides the cost structure of kerosene production by the fractional distillation process. In this process, first, the crude oil is extracted from the earth.
This report provides the cost structure of LPG production by the petroleum refining process. In this process, the crude oil recovered is separated into oil and wet gas via a gas trap.
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