Last Updated: July 2, 2021
The price of Air Turbine Fuel (ATF) also known as jet fuel, soared to Rs 68,262 per kiloliter (KL) in Delhi on Thursday, around 30 per cent more expensive than in January 2021. Jet Fuel was reportedly at Rs 50,979 in January 2021.
According to Indian Oil Corporation Limited (IOCL), the largest supplier of ATF in the country, on Thursday reported price hiked by 3.6 per cent in the Delhi region.
The reason behind the ATF price hike is the increasing global oil prices.
“ATF prices hiked in Delhi by 3.6 per cent and stood at Rs 68,262.35 per kl, in Kolkata it is increased by 3.27 and is at Rs 72,295.24 per kl; it increased by 3.77 per cent and stood at Rs 66,482.90 in Mumbai and in Chennai it is at Rs 66,482.90 per kl” IOCL said.
On January 1, ATF fuel price was 50979 per kiloliter, February 1 it was reported Rs 53795 per kl, on March 1, Rs 59400 per kl, on April 1, ATF price was Rs 58374 per kl, where on May 1, it was Rs 61690 per kl and June 1 it was reported Rs 64118 per kiloliter. Jet fuel was increased by about 30 percent within six months.
Aviation experts say that ATF prices play an important role in the Indian aviation industry. Ticket prices are sensitive to the prices of ATF and other unavoidable charges.
To know how airlines can take advantage of the situation click on the link below:
Source of News: