Jet Fuel Prices Up By 5 Percent: The price of Jet Fuel has been increased by Rs 6,188 per kiloliter on Monday. The new rates will be applicable from 31 May 2022. It is worth noting that earlier the price of jet fuel was increased by 18.3 percent in the month of March and by 2 percent in the month of April.
There is bad news for the passengers traveling by air, in fact their travel expenses are going to increase. Oil marketing companies have once again increased the prices of jet fuel. ATF prices have been increased for the tenth time in a row this year. According to the report, the companies have increased its price by five per cent per kilolitre.
Prices increased so much in March-April
While the prices of petrol and diesel have remained stable across the country, on the other hand, the rise in the prices of Air Turbine Fuel ATF is not taking its name. According to Indian Oil Corporation, the price of jet fuel has been increased by Rs 6,188 per kiloliter on Monday. The new rates will be applicable from 31 May 2022. It is worth noting that earlier the price of jet fuel was increased by 18.3 percent in the month of March and by 2 percent in the month of April.
The new price after the hike is as follows
After this latest hike, the new price of ATF in Delhi has increased from Rs 1,16,852 per kl to Rs 123039.71 per kl. At the same time it has reached Rs 121847.11 per kiloliter in Mumbai, Rs 127854.60 per kiloliter in Kolkata and Rs 127286.13 per kiloliter in Chennai. There has been a major hike in the price of Jet Fuel since the beginning of this year. According to the report, its price has increased by 61.7 percent since January 2022.
Revision happens twice a month
On January 1, 2022, its price was Rs 76,062 per kiloliter, which has increased to Rs 46,938 per kiloliter so far. Let us inform here that the revision of the prices of aircraft fuel is done twice a month on the 1st and 16th. Jet fuel accounts for 40 per cent of the operating cost of any airline. The increase in the price of crude oil at the international level also affects its price. In such a situation, due to the continuous increase, there is every possibility of air travel becoming expensive.