Indian Oil Corporation (IOC) has also announced an increase in the ATF following the announcement by the government.
Ahead of the Budget 2022, the Government of India has announced price hike on Aviation Turbine Fuel (ATF) by upto 8.5 percent. Indian Oil Corporation (IOC) has also announced an increase in the ATF following the announcement.
ATF prices has been increased by Rs 6743/kl and the new prices in the Delhi now stands at Rs 86308.16/kl. The new prices are applicable from today.
With the hike in the ATF, it is expected that airline companies will pass the buck to the passengers, as a substantial amout of the air ticket prices goes into aviation fuel tax. However, there’s no formal announcement from any of the airliner as of now.
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