Aviation turbine fuel price was hiked on Friday by a steep 8.1 percent to its costliest level this year as international oil prices rose, state-owned oil firms said.
The price of jet fuel was hiked by Rs 4,734.15 per kilolitre, or 8.15 percent, to Rs 62,795.12 per kilolitre in the national capital, according to price notification issued by state-owned oil firms. This is the first increase in prices in four months which has pushed rates to their highest level this year.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
ATF or jet fuel prices are revised on the first day of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Prices were unchanged at the last revision on Feb. 1. Prior to that, rates were cut by a record 14.7 percent in January and by 10.9 percent in December.
The two consecutive price reduction had brought ATF rates to their lowest levels in a year and had provided much-needed relief to cash-strapped airlines. But the latest round of price hike would put pressure on margins of airlines.
ATF, however, continues to be cheaper than both petrol and diesel in most parts of the country and is less expensive than even non-PDS kerosene.
A litre of petrol costs Rs 71.81 in Delhi as compared to Rs 62.79 per litre price for ATF. A litre of diesel, which is mostly used as fuel in trucks and buses, comes for Rs 67.12.
Continuing its upward march, petrol price on Friday was raised by 8 paise a litre and diesel rate was hiked by 12 paise. Petrol now costs Rs 71.81 a litre in Delhi and diesel is priced at Rs 67.12.
Rates have been on the rise for the last two weeks and cumulatively prices have risen by Rs 1.48 per litre in case of petrol and Rs 1.31 a litre for diesel.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
