Aviation industry seeking clarity on jet fuel regulations

The energy regulator issued circulars in April and May on jet fuel providers which has created confusion among major stakeholders in aviation industry as to the intended objectives and the mode of implementation.

Although the circular claims “all traders” of jet fuel are required to adhere to regulations that are applicable to full-fledged Oil Marketing Companies (OMC), market sources claim the actual target is foreign and local intermediaries who do not come under the definitions of OMC or that of trader.