Jet fuel costs on Saturday had been hiked by a marginal 0.2 per cent — the eighth straight enhance this yr — to an all-time high, reflecting a surge in international vitality costs.
The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — was hiked by Rs 277.5 per kilolitre, or 0.2 per cent, to Rs 1,13,202.33 per kl (Rs 113.2 per litre) within the nationwide capital, in line with a price notification of state-owned fuel retailers.
Meanwhile, petrol and diesel costs remained unchanged for the tenth straight day after rising by a record Rs 10 per litre every.
While jet fuel costs are revised on the first and sixteenth of each month, petrol and diesel rates are revised every day based mostly on equal rates within the worldwide market.
The enhance in ATF price comes on again of the steepest ever hike of 18.3 per cent (Rs 17,135.63 per kl) effected on March 16 and a 2 per cent (Rs 2,258.54 per kl) enhance on April 1.
ATF in Mumbai now prices Rs 111,981.99 per kl, whereas it’s priced at Rs 117,753.60 in Kolkata and Rs 116.933.49 in Chennai.
Fuel rates have been elevated in India as a result of vitality costs globally have risen on again of provide considerations following Russia’s invasion of Ukraine and demand returning after being hit by the pandemic.
India is 85 per cent depending on imports to satisfy its oil wants.
Jet fuel, which makes up for nearly 40 per cent of the working value of an airline, has this yr surged to new highs.
ATF costs have elevated each fortnight because the begin of 2022. In eight hikes starting January 1, ATF costs have been elevated by Rs 39,180.42 or virtually 50 per cent.
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