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Kerosene Price Trend Analysis 2026: Historical Prices, Supply Demand Analysis, Price Drivers, Market Insights & Latest News

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Written ByVikas Jha

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Kerosene Price Trend Q1 2026

Product Region Incoterm Basis Price Last Updated Month
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
Kerosene USA FOB USD 534.80/MT March 2026
Kerosene Saudi Arabia FOB USD 169.00/Barrel March 2026
Kerosene Japan FOB USD 185.00/Barrel March 2026
Kerosene Singapore FOB USD 182.00/Barrel March 2026
Kerosene Canada FOB USD 534.80/MT March 2026

Stay updated with the latest Kerosene prices, historical data, and tailored regional analysis

  • Kerosene prices moved upward globally in Q1 2026, driven by supply disruptions linked to the Iran war and restricted energy flows through the Strait of Hormuz, tightening product availability.
  • Feedstock constraints intensified as nearly 20% of global oil and LNG flows were disrupted, increasing refining and transportation costs and pushing kerosene prices higher.
  • Downstream demand remained moderate, with aviation, household, and industrial usage facing pressure from higher prices, limiting the pace of consumption growth.

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.

Analyst Insight

According to Procurement Resource, kerosene prices are expected to remain firm as long as supply disruptions and logistical constraints persist, while any normalization in shipping flows through the Strait of Hormuz could ease price pressure.

Related Report

  • Kerosene Manufacturing Plant Project Report

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Asia

The Asian kerosene market experienced significant volatility throughout the fourth quarter of 2025, with prices moving in different directions across the period. The Philippines saw repeated upward adjustments during October and early November, driven primarily by geopolitical tensions affecting global oil supplies. Supply constraints from major exporting nations created pressure on regional markets. These disruptions rippled through Asian supply chains, forcing local retailers to implement multiple price increases. However, the trajectory showed some inconsistency, with short periods of stability or minor reductions distributed between the larger changes. Domestic demand from major Asian economies remained relatively steady, providing some support for prices even during periods when global crude oil trends suggested potential downward movement.

Europe

European kerosene markets faced a unique set of challenges during Q4’25, heavily influenced by the ongoing Russia-Ukraine conflict. The aviation fuel sector encountered particular strain as Russian refineries adapted their production processes to address domestic fuel shortages. Industry concerns emerged about potential supply disruptions for aviation kerosene, as refineries began blending winter diesel with kerosene to meet regulatory requirements. The situation prompted discussions about implementing price controls to prevent excessive speculation and maintain stability for the aviation industry during the critical winter travel season.

North America

North American kerosene markets remained relatively more stable compared to other global regions during the fourth quarter. The market benefited from less direct exposure to the geopolitical disruptions affecting European and Asian supplies. However, North American prices still reflected broader global energy market dynamics, including sanctions imposed on Russian energy companies and production adjustments by major oil producing nations.

Analyst Insight

According to Procurement Resource, Kerosene prices will likely remain sensitive to geopolitical developments and refinery production decisions. Supply stability depends on conflict resolution and normalized production patterns resuming across major exporting regions.

About Kerosene

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.

Kerosene Product Detail

Hs Code
271019
Chemical Formula

CxHy (mixture of hydrocarbons)

Cas Number
64742-48-9
Industrial Uses

Jet engines, Rocket engines, Cooking fuel, Lighting and heating fuel, Extraction process, Solvent, Lubricant

Synonyms

Paraffin, Lamp Oil, Coal Oil, Heating oil

Supplier Database

Royal Dutch Shell (Shell), Chevron Corporation, Exxon Mobil Corporation , BP p.l.c., LUKOIL

Regional Coverage

Asia Pacific

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe

Germany, France, United Kingdom, Italy,Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America

United States and Canada

Latin America

Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa

South Africa, Nigeria, Egypt, Algeria, Morocco

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.

Kerosene Production Processes

  • Production of Kerosene via Fractional Distillation

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.

About the Author

Vikas Jha profile photo

Vikas Jha

Vice President - Sales and Operations

Driving growth and operational excellence at Procurement Resource by partnering with global enterprises on procurement consulting and client solutions, with expertise in scaling research operations and delivering actionable commodity intelligence.

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