ATF Prices Rise ₹16 Per Litre To ₹137, Marking Third Straight Monthly Hike
Aviation turbine fuel (ATF) prices have been increased by 13.22%, or about ₹16 per litre, taking the domestic price from ₹121.28 to ₹137 per litre. This marks the third consecutive monthly increase in jet fuel prices and could add to operating costs for domestic airlines. Fuel is one of the largest expenses for airlines, making changes in ATF prices an important factor for their overall cost…
Aviation turbine fuel (ATF) prices in India have risen by 13.22%, or roughly ₹16 per litre, bringing the domestic price from ₹121.28 to ₹137 per litre. This is the third consecutive monthly hike in jet fuel costs, which may strain the budgets of domestic airlines. Jet fuel is one of the most significant expenses for airlines, and changes in ATF prices are crucial for their overall cost structure.
The latest increase follows ongoing instability in global crude oil and petroleum product markets. The price jump represents a substantial rise from the previous rate of ₹121.28 per litre. For domestic airlines, the higher ATF prices could intensify operational challenges, especially given that fuel accounts for a substantial share of airline operating expenditures.
The recent revision marks a significant increase from the prior price of ₹121.28 per litre, with the fuel now costing ₹137 per litre. The hike comes as the government has cut the export levy on ATF to ₹10.5 per litre from ₹15 per litre for the fortnight starting October 1. However, this reduction pertains to ATF exported abroad and does not affect the domestic price of jet fuel.
Consequently, domestic airlines are primarily facing the impact of the increased ATF prices, which may contribute to higher operating expenses.
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