New Delhi, June 24 -- Geopolitical disruption and refinery constraints are impacting jet fuel supply, which raises airline costs and could translate into higher crack spreads, thereby pushing airfares, according to a McKinsey report.

Noting jet fuel demand is set to rise ahead of the summer travel season amid depleted inventories, the report highlighted fuel prices have surged mainly due to crude oil trends, while supply has been constrained airline ticket prices.

According to the report, jet fuel prices have surged mainly due to crude oil trends, while supply has been constrained because of reduced refinery production from major Gulf-region and Asian jet fuel exporters (which together supply 40 per cent of the world's jet fuel).

This ...