Jet Fuel Price Slashed: The prices of aviation turbine fuel or ATF, that is required to run an aeroplane, was decreased by 1.3 per cent, state owned Indian Oil Corporation (IOCL) announced on Wednesday, June 1. After the jet fuel price reduction, the same will cost Rs 121,475.74 per kilolitre (Kl)in Delhi, according to a notification by the Indian Oil Corporation. The latest announcement has reduced the price of ATF from an all time high, which had seen airlines across the country reeling under pressure.
While ATF price in Delhi today stands at Rs 1,21,475.74 per KL, the jet fuel price in Mumbai is standing at Rs 1,20,306.99 per KL. On the other hand, ATF price in Kolkata today is at Rs 126,369.98 per kilolitre, while the same in Chennai is trading at Rs 125,725.36 per kilolitre. The state owned fuel company has said that this has come into effect from June 1, which is today.
Earlier on May 16, Indian Oil Corporation had announced a hike in jet fuel prices by 5 percent, taking it to Rs 1.23 lakh per kilolitre in Delhi. Following a steep rise in the prices of crude oil, aviation turbine fuel (ATF) prices had been hiked 61.7 per cent from Rs 72,062 per kl to Rs 1.23 lakh per kl since January. The ATF prices right now are still much higher than that of the January level, and may not impact the prices of air tickets in the near future.
