INSUBCONTINENT EXCLUSIVE:
Aviation turbine fuel prices have been hiked for the fifth time this yearNew Delhi: Amid rising global crude prices, which have crossed to
over a seven-year high mark, aviation turbine fuel (ATF) prices today were hiked by 3.3 per cent, to an all time high levels across the
country.ATF price was hiked by Rs 3,010.87 per kilo litre or 3.22 per cent to Rs 93,530.66 per kl in the national capital, according to a
price notification issued by state-owned fuel retailers.Jet fuel, which makes up for almost 40 per cent of the running cost of an airline,
has this year surged to new highs.This is the fifth hike in jet fuel prices this year and is in sharp contrast to petrol and diesel prices,
which have remained unchanged for the past 116 days consecutively
and have recently concluded in Punjab, Uttarakhand and Goa.The previous peak of Rs 71,028.26 per kl was recorded in August 2008 when
international crude oil prices touched $147 per barrel
Brent crude oil on Tuesday was trading above $100 per barrel.ATF prices have increased every fortnight since the start of 2022
In five hikes beginning January 1, ATF prices have been increased by Rs 19,508.25 per kl or 26.35 per cent.These hikes have come in the
and mid-December.Thereafter, international rates have firmed up, leading to the hike in ATF prices.
