ATF price hiked by steepest ever 18% to all-time high
The Hindu
The increase – sixth straight this year – led to prices soaring past the ₹1-lakh-per-kilolitre mark for the first time ever.
Jet fuel prices on Wednesday were hiked by over 18% – the steepest ever increase – to all-time high levels after international oil price surged to a multi-year high.
The increase – sixth straight this year – led to prices soaring past the ₹1-lakh-per-kilolitre mark for the first time ever.
Aviation turbine fuel (ATF) – the fuel that helps aeroplanes fly – was hiked by ₹17,135.63 per kl, or 18.3%, to ₹110,666.29 per kl in the national capital, according to a price notification by State-owned fuel retailers.
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.
International oil prices had climbed to a 14-year high of near USD 140 per barrel last week on fears of supply disruption following Russia's invasion of Ukraine. Rates have since mellowed to around USD 100 per barrel.
In Mumbai, ATF price soared to ₹109,119.83 a kl and it costs ₹114,979.70 in Kolkata. Jet fuel is priced at ₹114,133.73 per kl in Chennai.
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