Jet Fuel Prices for Domestic Airlines Increased by Around Rs 16 per Litre: Will Air Travel Get Costlier?
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Jet fuel prices for domestic airlines increased by around Rs 16 per litre: Will air travel get costlier?
ATF prices have jumped by around Rs 16 per litre to Rs 137 for domestic airlines, adding pressure to aviation costs. Commercial LPG has also become costlier by Rs 62.59 per 19-kg cylinder. However, domestic LPG, petrol and diesel prices remain unchanged.
Oil Marketing Companies hike commercial LPG and aviation fuel prices from October 1
Oil Marketing Companies hike commercial LPG and aviation fuel prices from October 1 New... The post Oil Marketing Companies hike commercial LPG and aviation fuel prices from October 1 appeared first on The English Post - Breaking News, Politics, Entertainment, Sports.
OMCs raise prices of commercial LPG, aviation fuel from October 1
The latest hike follows an increase of Rs 6.28 per litre or 5.46 per cent in September and Rs 5 per litre in August. ATF accounts for up to 40 per cent of an airline's operating costs which makes fuel prices a key component of carriers' expenses.
ATF Price Hike: On the very first day of October, citizens were hit by inflation. There was a sharp increase in the prices of commercial LPG cylinders as well as aviation turbine fuel (FTA), i.e., jet fuel. This is putting new pressure on the operating costs of domestic airlines. According to state-owned oil marketing companies, ATF rates have been increased by approximately ₹16 per liter. While the price of a 19-kilogram commercial gas cylinde…
The country's oil companies have increased jet fuel prices for the third consecutive month. This increase in October was 13%, and in the past three months, jet fuel prices have risen by 25%.
The price of jet fuel (ATF) has increased by ₹16 per litre, increasing the operating costs of airlines. There are concerns that this may have a direct impact on air ticket prices. However, factors such as passenger demand, competition etc. determine ticket prices. Commercial LPG prices have also increased, but domestic LPG and fuel prices remain unchanged.
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