Get the latest insights on price movement and trend analysis of Kerosene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The price of jet kerosene in India has reached 1155 USD/MT in the fourth quarter of 2023. The Indian market has been witnessing a fair share of opportunities due to the relaxation of US sanctions on Venezuela, which enables the nation to procure crude oil at better competitive prices, which is highly likely to change the import strategies. Other than this, the production costs of jet kerosene across the region reduced when the supply interruptions caused due to the Israel-Hamas conflict, got better. Moreover, jet kerosene oil prices witnessed a considerable low due to the inflow of economical crude oil from Venezuela. According to numerous reports, various oil marketing companies including Bharat Petroleum Corporation, Indian Oil corporation, and Hindustan Petroleum Corporation are prepared to reduce the fuel prices in the upcoming future.

Jet Kerosene Prices December 2023

Explore IMARC's latest publication, “Jet Kerosene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the jet kerosene market, providing insights into both global and regional trends that are shaping prices.

The North American Jet Kerosene market witnessed notable volatility during Q1 2025, with the United States being the most significantly impacted region. According to data released by the Bureau of Transportation Statistics (BTS), U.S. scheduled service airlines consumed 1.453 billion gallons of fuel in January 2025, reflecting an 8.9% decrease compared to December 2024 (1.594 billion gallons) and a 0.6% decline from January 2020, pre-pandemic levels.

The Average Residential Retail Kerosene Prices dataset provides New York residents and businesses with objective information on average residential retail kerosene pricing in New York State and by region beginning September 4, 2000. Pricing data is obtained via surveys conducted by New York State Energy Research and Development Authority (NYSERDA) staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon.

The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset.

For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Kerosene Prices Dashboard: https://www.nyserda.ny.gov/researchers-and-policymakers/energy-prices/kerosene/average-kerosene-prices

The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit https://nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

Graph and download economic data for Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast (DJFUELUSGULF) from 1990-04-02 to 2025-07-28 about kerosene, fuels, commodities, and USA.

Heating Oil fell to 2.29 USD/Gal on August 1, 2025, down 4.50% from the previous day. Over the past month, Heating Oil's price has fallen 4.95%, and is down 1.81% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on August of 2025.

United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast was 2.33800 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast reached a record high of 3.37400 in January of 2022 and a record low of 0.40300 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Kerosene-Type Jet Fuel Prices: U.S. Gulf Coast - last updated from the United States Federal Reserve on July of 2025.

As of the fourth quarter of 2024, oil prices in the United Kingdom stood at 74 dollars per barrel, with prices expected to rise to 76.6 dollars a barrel in early 2025, before gradually falling in subsequent quarters.

Kerosene Market Outlook 2032

The global kerosene market size was USD 200.1 billion in 2023 and is likely to reach USD 293 billion by 2032, expanding at a CAGR of 5.1% during 2024–2032. The market growth is attributed to the high for kerosene in several industries across the globe.



Increasing demand for kerosene in various industries such as aviation, domestic use, and industrial applications is driving the kerosene market. Kerosene, a flammable hydrocarbon liquid, is commonly used as a fuel in both commercial and residential settings. The product's versatility and efficiency make it a preferred choice for many consumers, contributing to its robust market growth.

Impact of Artificial Intelligence (AI) in Kerosene Market

The use of artificial intelligence is likely to provide substantial propulsion to the kerosene market. Artificial Intelligence (AI) is reshaping the dynamics of the kerosene market by enhancing efficiency and accuracy in various processes. AI-powered predictive analytics forecast demand trends, enabling suppliers to optimize their production and distribution strategies. This technology predicts fluctuations in crude oil prices, a key determinant of the cost of this fuel, thereby aiding in strategic decision-making.



AI improves the safety and efficiency of kerosene used in sectors such as aviation. AI algorithms optimize fuel consumption in jet engines, reducing the amount of this hydrocarbon liquid needed and thus lowering operational costs and environmental impact. Therefore, the integration of AI in market operations presents a significant opportunity for growth and innovation.

Kerosene Market Dynamics

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The global kerosene market is expected to register a revenue CAGR of 4.9% between 2022 and 2030, Rise in crude oil prices and growing industrial sector are other major factors expected to drive revenue growth

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene (WPU057202) from Jan 1975 to Jun 2025 about kerosene, fuels, commodities, PPI, inflation, price index, indexes, price, and USA.

The Average Home Heating Oil Prices dataset provides New York residents and businesses with objective information on average residential retail heating fuel oil pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by NYSERDA staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon. The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset. For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Home Heating Oil Prices Dashboard: https://www.nyserda.ny.gov/Researchers-and-Policymakers/Energy-Prices/Home-Heating-Oil/Average-Home-Heating-Oil-Prices The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, accelerate economic growth, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene was 216.57900 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene reached a record high of 458.92200 in June of 2022 and a record low of 12.60000 in February of 1973. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene - last updated from the United States Federal Reserve on August of 2025.

This statistic shows a projection of the retail price for aviation kerosene in the United Kingdom (UK) from 2015 to 2035, in British pence per liter. It shows that the price is expected to increase significantly from 28.8 pence in 2015 to almost 50 pence by 2035.

Graph and download economic data for Wholesale Prices of Kerosene, Refined, 150 Degree Fire Test, Water White for New York (M04182US000NYM264NNBR) from Jan 1890 to Dec 1923 about kerosene, refined, wholesale, fuels, NY, price, and USA.

The global kerosene market, while mature, continues to exhibit moderate growth driven by persistent demand from aviation and heating sectors. The market size in 2025 is estimated at $50 billion, reflecting a Compound Annual Growth Rate (CAGR) of 3% between 2019 and 2024. This growth, however, is projected to decelerate slightly in the forecast period (2025-2033), averaging around 2.5% CAGR due to increasing adoption of alternative fuels in aviation and enhanced energy efficiency measures in heating applications. Key drivers include the continued growth in air travel, particularly in emerging economies, and the reliance on kerosene as a heating fuel in certain regions. However, stringent environmental regulations aimed at reducing carbon emissions, coupled with the increasing availability and affordability of alternative fuels like biofuels and sustainable aviation fuels (SAF), pose significant restraints to market expansion. Market segmentation reveals a strong dominance of the aviation segment, though the heating sector contributes a significant and relatively stable share. Major players like Royal Dutch Shell, Exxon Mobil, BP, Chevron, and LUKOIL dominate the market, leveraging their extensive refining capabilities and global distribution networks. Regional variations exist, with North America and Europe exhibiting mature markets, while developing economies in Asia-Pacific and Africa show promising, albeit slower growth potential. The forecast period (2025-2033) will see a complex interplay of factors influencing kerosene market dynamics. While air travel is expected to continue growing, the pace might be tempered by economic fluctuations and geopolitical uncertainties. The increasing focus on sustainability will likely accelerate the adoption of SAFs, progressively reducing the market share of conventional kerosene in the aviation sector. Meanwhile, advancements in heating technologies and the shift towards more energy-efficient systems could gradually diminish the demand for kerosene in heating applications. Companies are likely to invest heavily in research and development of sustainable alternatives and optimize their refining processes to meet evolving regulatory requirements and consumer preferences for environmentally friendlier fuel options. This necessitates a strategic approach for market players to focus on innovation, diversification, and sustainable practices to navigate the changing landscape effectively.

The global superior kerosene oil market is experiencing steady growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 aren't provided, leveraging industry reports and considering a typical CAGR (let's assume a conservative 3% based on historical trends and future projections for related energy markets) for the period 2019-2025, and starting with an estimated 2019 market size of $15 billion (a reasonable figure considering the scale of the involved industries), we can project a 2025 market size of approximately $18 billion. This growth trajectory is anticipated to continue through 2033, with the CAGR potentially reaching a range of 3-5% depending on global economic conditions and the adoption of alternative fuels. Key drivers include the continued reliance on kerosene in aviation fuel, particularly in regions with less developed infrastructure for alternative jet fuels. Growing demand in the agricultural sector (for crop drying and other applications), along with its use in lighting in developing economies, contributes significantly to the overall market size. However, environmental concerns regarding emissions and the increasing adoption of cleaner energy sources, coupled with fluctuations in crude oil prices, pose significant restraints to market growth. Segmentation analysis reveals that aviation kerosene holds a dominant market share, followed by kerosene for lamps and other specialized applications. Leading players like Valero, Qatar Jet Fuel Co., and major oil corporations are shaping market dynamics through strategic partnerships, capacity expansions, and technological advancements. Regional variations exist, with North America and Asia-Pacific showing significant growth potential. Further market penetration will depend on sustainable practices to mitigate environmental impact and technological advancements to improve efficiency and reduce emissions.

United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene and Jet Fuels was 200.40000 Index 1982=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene and Jet Fuels reached a record high of 386.40000 in July of 2008 and a record low of 16.00000 in January of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Fuels and Related Products and Power: Kerosene and Jet Fuels - last updated from the United States Federal Reserve on June of 2025.

The refined kerosene market is poised for significant growth, driven by increasing demand from the aviation and energy sectors. While precise figures for market size and CAGR are unavailable from the provided data, a reasonable estimation can be made based on industry trends and reports. Considering the substantial role of aviation kerosene, a conservative estimate places the 2025 market size at approximately $50 billion USD. Given the projected growth in air travel and energy consumption, a compound annual growth rate (CAGR) of 3-5% over the forecast period (2025-2033) seems plausible. This growth will be fueled by several key factors: increasing global air passenger traffic, expanding industrial applications of kerosene-based fuels, and ongoing exploration and production activities in the oil and gas sector. However, market expansion faces restraints, such as fluctuating crude oil prices, stricter environmental regulations aiming to reduce carbon emissions from air travel and other applications, and geopolitical instability impacting global supply chains. The market segmentation reveals the dominance of aviation kerosene, followed by energy applications, with other sectors comprising a smaller share. Key players like Royal Dutch Shell, ExxonMobil, and Sinopec, among others, hold significant influence, leveraging their extensive refining capacities and global distribution networks. Regional analysis suggests a diverse market distribution across North America, Europe, the Middle East & Africa, and Asia Pacific, with regional growth varying according to economic development and energy consumption patterns. The continued expansion of low-cost airlines and the rising middle class in developing nations are projected to be significant contributors to future market growth. The refined kerosene market presents both opportunities and challenges. Sustained growth hinges on successfully navigating the environmental concerns surrounding kerosene's carbon footprint. Innovation in sustainable aviation fuels (SAFs) and other cleaner alternatives is likely to shape the market in the coming years. Furthermore, geopolitical factors and economic volatility will continue to impact pricing and supply chains. Companies are strategically positioning themselves to address these challenges by investing in R&D, exploring alternative fuel sources, and implementing sustainable practices across their operations. This dynamic interplay of growth drivers, constraints, and industry innovation will continue to shape the refined kerosene market's trajectory throughout the forecast period.

Global Kerosene market size 2025 was XX Million. Kerosene Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.