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With oil reaching over US$145 a barrel, Indonesia further increased prices in May 2008 to Rp 6,000 (approx. US$0.65) per litre, and diesel to Rp 5,500 (approx. US$0.60) per litre, while kerosene was raised to Rp 2,500 (approx. US$0.28), moves which caused widespread protests.
The cost of extracting kerosene from coal was high. ... The Indian government subsidizes the fuel to keep the price very low, to around 15 U.S. cents per liter as of ...
also subject to additional county taxes, up to 8 cents per gallon on Aviation Fuel, 4 cents per gallon for Jet Fuel New Hampshire: 4.0: 2.0: The rate for Jet Fuel for aircraft operating under FAR Part 121 is 0.5 cents per gallon New Jersey: 10.56: 13.56 New Mexico: 17.0: See notes: Jet Fuel is subject to gross receipts tax New York: 6.5: 6.5 ...
By 2019, fossil jet fuel production cost was $0.3-0.6 per L given a $50–100 crude oil barrel, while aviation biofuel production cost was $0.7-1.6, needing a $110–260 crude oil barrel to break-even. [19] As of 2020 aviation biofuel was more expensive than fossil jet kerosene, [1] considering aviation taxation and subsidies at that time. [70]
#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
Oil prices will fall to an average of $65 per barrel in 2025 amid an oversupply of crude and a backdrop of slowing demand as countries shift toward cleaner energies and forms of transportation, ...