NEW DELHI/MUMBAI : Rising aviation turbine fuel (ATF) prices could offset the recovery process for Indian airlines amid muted demand from both domestic and international passengers following the covid outbreak.
ATF costs, accounting for about a fourth of expenses for major domestic airlines, was raised by 3.6% on Tuesday compared to a fortnight ago as global crude oil prices firmed up on improved demand.
ATF prices are revised every fortnight by state-run oil marketing companies, and have been on the rise since October.
ATF prices were increased to ₹55,737.91 per kilo litre in New Delhi for domestic airlines on Tuesday from ₹53,795 per kilo litre on 1 February, according to a notification by Indian Oil Corp. Ltd (IOCL).
