Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Tue, 01 Mar 2022 03:03 PM IST
Summary
ATF Price Hiked By 3.3 Percent: On Tuesday, the price of Jet Fuel ATF was increased once again. This is the fifth increase this year. According to a report, the price of aircraft fuel increased by 3.3 percent. In the midst of the ongoing war between Russia and Ukraine, while the price of crude oil is seeing an increase, the price of jet fuel is also on fire.
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40 percent stake in operations
Notably, aviation fuel accounts for about 40 per cent of an airline’s operating cost. Jet fuel prices are revised on the 1st and 16th of every month based on the average price of international benchmarks. After the hike in fuel on Tuesday, it has now reached a new all-time high. Aviation Turbine Fuel (ATF) prices have also skyrocketed amid rising oil prices in the global market. After this increase, the ATF in Delhi increased by Rs 3,010.87 per kiloliter to Rs 93,530.66 per kiloliter.
Price hiked for the fifth time in two months
According to the report, the process of increasing the prices of jet fuel is continuing. This is the fifth time in the last two months that the price of jet fuel has been increased in the country. With this hike, the new prices of Delhi and Mumbai jet fuel have stunned the senses. In August 2008, the ATF price was Rs 71,028.26 per kiloliter, while crude oil prices were at a peak.
Expansion
40 percent stake in operations
Notably, aviation fuel accounts for about 40 per cent of an airline’s operating cost. Jet fuel prices are revised on the 1st and 16th of every month based on the average price of international benchmarks. After the hike in fuel on Tuesday, it has now reached a new all-time high. Aviation Turbine Fuel (ATF) prices have also skyrocketed amid rising oil prices in the global market. After this increase, the ATF in Delhi increased by Rs 3,010.87 per kiloliter to Rs 93,530.66 per kiloliter.
Price hiked for the fifth time in two months
According to the report, the process of increasing the prices of jet fuel is continuing. This is the fifth time in the last two months that the price of jet fuel has been increased in the country. With this hike, the new prices of Delhi and Mumbai jet fuel have stunned the senses. In August 2008, the ATF price was Rs 71,028.26 per kiloliter, while crude oil prices were at a peak.