ATF price rose 3.22% to a record high

Business

Kerosene, which accounts for nearly 40% of an airline’s operating costs, has soared to new highs this year

Kerosene, which accounts for nearly 40% of an airline’s operating costs, has soared to new highs this year

Kerosene prices rose 3.22% on Sunday – the ninth straight rise this year – to an all-time high, reflecting a rise in global energy prices.

The price of jet turbine fuel (ATF) – the fuel that helps planes fly – has risen in the state capital, according to a price announcement from state fuel distributors.

Meanwhile, petrol and diesel prices remained unchanged for the 25th day after rising by a record £10 a liter each. While kerosene prices are revised on the 1st and 16th of each month, petrol and diesel tariffs are revised daily based on the corresponding tariffs in the international market.

The rise in ATF price is due to the steepest ever price increase of 18.3% (₹17,135.63 per kl) which occurred on March 16 and a 2% increase (₹2,258.54 per kl) on March 1. were made in April. Prices increased marginally by 0.2%. on 04/16

ATF in Mumbai now costs ₹1,15,617.24 per kl, while in Kolkata it costs ₹1,21,430.48 and in Chennai it costs ₹1,20,728.03.

Rates differ from state to state depending on the level of local taxation.

Fuel prices have been raised in India as global energy prices have risen due to supply concerns following the Russian invasion of Ukraine and the return of demand after the pandemic. India relies on imports for 85% of its oil needs.

Kerosene, which accounts for nearly 40% of an airline’s operating costs, has soared to new highs this year. ATF prices have increased every two weeks since early 2022. In the nine increases from January 1, ATF prices were increased by ₹42,829.55 per kl (₹42.8 per litre), or over 50%.

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