Singapore: Asian refining margins for jet fuel dropped for a second straight session on Wednesday to their lowest levels in more than eight months, as crude prices firmed and demand for the distillate fuel remained weak.
Refining margins for jet fuel, which also determine the profitability of closely-related heating kerosene, plunged to USD 13.19 a barrel over Dubai crude during Asian trading hours, their lowest since June last year. They were at USD 13.45 a barrel on Tuesday.
