Hike in Aviation Turbine Fuel to Make Air Travel Costlier

Date:

Share:

Traveling in an airplane is set to become more expensive as the cost of Aviation Turbine Fuel (ATF) has been hiked by nearly 16.3%. It hit the highest price of INR 1.41 lakh per kilo liter in New Delhi. This hike came into effect from yesterday, i.e, June 16, 2022. The jet fuel will approximately cost INR 1,40,092.74 per kilo liter in Mumbai, INR 1,46,215.85 per kilo liter in Chennai, and INR 1,46,322.23 per kilo liter in Kolkata.

After rallying at 91% for the past 6 months, the ATF prices have nearly doubled this year. As fuel takes up almost 50% of an airline’s operational costs, the rising jet fuel prices might affect their profits as they are still recovering from the losses incurred during the COVID-19 pandemic. It’s highly likely that the price hike announced by the Oil Marketing Companies

(OMCs) will lead the airlines to pass the burden to the passengers, which will make air travel costlier. Traveling by air is already getting expensive due to the concerns in supply amid the Russia-Ukraine crisis. The weakening of the Indian rupee against the US dollar is also affecting the cost.

It was earlier announced that SpiceJet will hike their ticket prices by nearly 10-15% to sustain operational costs, pointing out that the jet fuel prices have increased to approximately 120% in the past year. The ATF prices are revised on 1st and 16th of every month and this depends on the average cost of the international benchmark in the previous fortnight, unlike the diesel and petrol rates, which are changed almost every day.

No matter how much the prices are hiked, Indian Eagle aims to offer you the cheapest international flights to India than the rest of the market. So, why wait? Plan your itinerary today and save more on your travel expenses.

Subscribe to our magazine

━ more like this

Time to Fulfill Your American Dream – US Visa Appointments in India Are Now Open

Visiting USA is on most people’s minds, be it for business, studies or leisure activities. But this American dream keeps on delaying for most...

Akasa Air Flight Schedule: New Chennai Routes Unveiled

Akasa Air is right on schedule when it comes to introducing its flight routes. As planned; the newest airline in India is unveiling its...

Changes in Qatar’s Quarantine Rules a Welcome News for Visitors

Good news for those traveling to Qatar for the FIFA World Cup 2022.  There has been changes in Qatar’s quarantine rules. So, visiting the...

Mesmerizing Rajasthan International Folk Festival 2022 Edition

Save the dates for the UNESCO-endorsed Rajasthan International Folk Festival 2022 Edition. Under the full moon in October – the brightest of the year in...

The Big Deal about INS Vikrant: First India-Made Aircraft Carrier

2nd September, 2022: INS Vikrant is commissioned. A momentous day indeed. The ceremony took place in kochi (where it was built).  INS Vikrant – a...
spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here