As ATF price soars to new high, airfares to get dearer
In the seventh consecutive hike, state-owned oil retailers Friday revised the prices of Aviation Turbine Fuel (ATF) by 2 per cent. The jet fuel will now cost Rs 1,12,924.83 per kilolitre in Delhi — an all-time high. On account of costlier fuel, airfares have already doubled in the past few weeks on some of the popular routes. Going ahead, travel industry professionals said,
fares for late April and the entire month of May are likely to be priced up to 15% higher than current levels.
Jet fuel prices are revised on the 1st and 16th of every month, based on the average international price of benchmark fuel in the preceding fortnight.
