Jet fuel prices go up 5.5 Percent, LPG Cheaper by Rs 11
The latest price increase will add to the financial burden of cash-strapped carriers.
On Friday, the price for aviation turbine fuel (ATF) was hiked by 5.5 percent for the fifth month in a row, but that of non-subsidised cooking gas (LPG) was cut by Rs 11 per cylinder, in line with global trends.
This is the fifth straight monthly increase in rates, the last being on 1 June when prices were hiked by a steep 9.2 percent, or Rs 3,945.47, to Rs 46,729.48/kl.
Despite ATF rates going up by 25 percent, or Rs 9,985.87 per kl since March, the fuel used in aeroplanes is still cheaper than petrol and diesel. A litre of petrol in Delhi costs Rs 64.76 a litre and diesel is priced at Rs 54.70 compared to Rs 49.28 a litre– the price of ATF.
Jet fuel constitutes over 40 percent of an airline’s operating cost and the latest price increase will add to the financial burden of cash-strapped carriers.
(WIth PTI Inputs)
(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.