There is currently no kerosene shortage in the European Union, but supply issues could arise and the situation remains a major concern, the European Commission announced on Tuesday, Reuters reports.
European airlines have asked the EU to intervene with emergency measures to control the effects of the war in Iran, including airspace closures, as well as increased fears of a jet fuel shortage, according to a document seen by Reuters.
“There is currently no evidence that the EU is facing a fuel shortage, but supply problems could arise in the near future.”, a spokesperson for the Community Executive told reporters, according to TVR Info.
“Crude oil supply to European refineries remains stable, with no need to release additional stocks at this time. However, this remains our primary concern.”, added the official.
The conflict in the Middle East has driven up oil prices and closed airspace, causing problems for airlines. A major challenge for carriers is managing volatile fuel costs, given the restrictions around the Strait of Hormuz. Last month, Airlines for Europe (A4E) member airlines warned they would have to pass on additional costs to passengers.
The association represents major carriers such as Deutsche Lufthansa AG, Air France-KLM, and IAG SA, the owner of British Airways.
Concerns about jet fuel supply are growing as the peak summer travel season approaches, with ACI Europe warning of a systemic fuel shortage in the region within three weeks if the Strait of Hormuz remains blocked until then.