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Global jet fuel price drops by double digits for 1st time since Iran war began

Average global price sank to $162.89 per barrel last week

Jay AelickbyJay Aelick
May 11, 2026
in Fuel & Sustainability
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The average global jet fuel price for the week ending May 8 dropped to $162.89 per barrel, a 10.1% decrease from the previous week. This was the first time that the price had fallen by double digits week over week since the Iran war began Feb. 28, and it was the lowest price since the […]

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Tags: fuelInternational Air Transport Association (IATA)Premium
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