ATF Prices Increased by Oil Marketing Companies and Air Fares are feared to be costly

ATF Prices Increased: Government oil companies have increased the prices of Aviation Turbine Fuel (ATF), giving a blow to the airlines companies. OMCs have increased the prices of aviation fuel by about Rs 624.37 per kilolitre. The rates of aviation fuel or jet fuel were being reduced four times in a row. This time, oil marketing companies have put brakes on the process of reducing ATF by increasing its price. The new increased prices of ATF have come into effect from today.

Know what are the new prices of ATF in your city.

New prices of city ATF

Delhi 1,01,396.54 ₹ per kiloliter
Kolkata 1,10,296.83 ₹ per kiloliter
Mumbai 94,809.22 ₹ per kiloliter
Chennai 1,05,398.63 ₹ per kiloliter

(Source- IOCL website)

At what price were ATF rates in February?

In February, the price of ATF in Delhi was at Rs 1,00,772.17 per kilolitre, while the price of ATF in Mumbai was at Rs 94,246.00 per kilolitre. The price of jet fuel in Kolkata was Rs 1,09,797.33 per kiloliter and in Chennai it was Rs 1,04,840.19 per kiloliter.

Air travel expected to become expensive

ATF prices were becoming cheaper for the last four consecutive months but this time the ATF rates have been increased. After this there is a fear that air travel may become expensive. In fact, at least 50 percent of the operational cost of airlines is ATF or jet fuel. In such a situation, due to increase in ATF rate, the cost of airlines companies may increase and after this they can pass the burden on the passengers by increasing the prices of air tickets. This time the government has also increased the windfall tax on domestic crude oil.

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