Jet fuel, or Aviation Turbine Fuel (ATF), witnessed a 2% price hike on Thursday, marking the second consecutive monthly increase. This adjustment follows the previous hike in July and is based on recent trends in international oil prices. Additionally, commercial LPG used by hotels and restaurants has also seen a rise of Rs 6.5 per 19-kg cylinder.
The recent revision has resulted in a notable increase in jet fuel prices, which directly impacts the cost of flying. Here’s a breakdown of the updated ATF rates across major Indian cities:
Delhi: The price of ATF has been raised to Rs 97,975.72 per kilolitre (kl), marking an increase of Rs 1,827.34 per kl, or 1.9%.
Mumbai: The new ATF rate in Mumbai is now Rs 91,650.34 per kl, up from the previous rate of Rs 89,908.31 per kl.
Kolkata: The cost of ATF in Kolkata has been increased to Rs 1,00,520.88 per kl.
Chennai: The ATF price in Chennai has been revised to Rs 1,01,632.08 per kl.
For international flights, the revised ATF prices are as follows:
Delhi: $891.80 per kl
Kolkata: $930.50 per kl
Mumbai: $891.06 per kl
Chennai: $886.64 per kl
The recent hike in ATF prices is likely to lead to an increase in flight ticket costs. Since ATF constitutes a significant portion of the operational costs for airlines, the rise in fuel prices typically results in higher fares for passengers. The new rates will come into effect from August 1, 2024.
It’s important to note that ATF prices may vary from state to state due to local taxes and other factors. For the most accurate and up-to-date pricing, travelers can refer to the IndianOil website, which provides detailed information on fuel rates.
The recent 2% hike in Aviation Turbine Fuel (ATF) prices is set to impact flight ticket costs, making air travel potentially more expensive starting August 1, 2024. This increase, which follows a previous rise in July, reflects ongoing trends in international oil prices and could influence fare structures for both domestic and international flights. The updated rates across major Indian cities, including Delhi, Mumbai, Kolkata, and Chennai, highlight significant changes in fuel costs, which are likely to be passed on to consumers in the form of higher ticket prices.
As ATF constitutes a major component of airline operating expenses, any fluctuations in fuel prices directly affect the cost of flying. Travelers should be aware of these changes and plan their travel budgets accordingly. For the most accurate and current information on fuel prices, referring to resources like the IndianOil website is recommended.
In summary, while this price adjustment reflects broader economic trends, it emphasizes the ongoing relationship between fuel costs and travel expenses, reinforcing the need for passengers to stay informed about potential impacts on their flight costs.