New Delhi: In what may exacerbate the poor financials of Indian airlines, jet fuel prices were hiked by ₹4,734.15 per kilolitre on Friday. The 8.15% increase in aviation turbine fuel (ATF) prices comes against the backdrop of airlines facing rising costs in international operations because of longer flight durations and disruptions in schedules as they have had to re-route their flights after Pakistan shut its airspace.
Fuel comprises the bulk of airlines’ costs and high fuel prices erode profits.
According to state-owned Indian Oil Corp. Ltd (IOC), which provides fuel to around 1,750 flights daily, the ATF price was ₹62,795.12 per kilolitre at Delhi starting 1 March. These prices have been the highest this year.
