16 August 201809:36
Russia’s Transport Ministry: Jet Fuel Prices to Rise 30%
UrBC, Moscow, August 16, 2018. The price of jet fuel might increase by around 30% by the end of 2018 against one year previously, TASS refers to Russia’s Transport Minister Evgeny Ditrikh as stating. According to the Transport Ministry, airlines’ losses incurred through soaring jet fuel prices will amount to RUR 50bn by the end of the year, which is why the ministry suggested that the Russian Government and the Finance Ministry might partially compensate the air carriers for their extra expenses. The amounts proposed might come to RUR 22.5bn from the budget funds. ‘We expect the overall