ATF price hiked by two per cent to all-time high, petrol and diesel price unchanged

Jet fuel prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight.

Published: 01st April 2022 08:35 AM  |   Last Updated: 01st April 2022 08:35 AM   |  A+A-

Midway began its services in 1979 post deregulation of the US aviation industry. Midway was brave enough to face the surge in fuel prices post the Gulf War. However, it went kaput in the November 1991.

For representational purpose. (Photo | AP)

By PTI

NEW DELHI: Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices.

Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs 1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers.

However, there was no change in the price of petrol and diesel on Friday. Prior to the second pause in 11 days, auto fuel rates had gone up by Rs 6.40 per litre. The increase in ATF price comes on back of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.

Jet fuel prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight. Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has this year surged to new highs.

ATF prices have increased every fortnight since the start of 2022. In seven hikes beginning January 1, ATF prices have been increased by Rs 38,902.92 kl or almost 50 per cent.



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