Jet Fuel Prices Rise by 5% for International Airlines Amid Global Energy Surge
Jet fuel cost for international airlines up 5% in second straight monthly hike
The Economic TimesImage: The Economic Times
The price of Aviation Turbine Fuel (ATF) for international airlines increased by 5%, reaching $1511.86 per kilolitre in Delhi, India. This marks the second consecutive monthly hike as oil companies adjust prices in response to rising global energy costs, while domestic airline prices remain unchanged.
- 01ATF prices for international airlines rose by 5% to $1511.86 per kilolitre.
- 02This is the second consecutive monthly increase in jet fuel prices.
- 03Domestic airline ATF prices have not changed despite the international hike.
- 04The increase is attributed to a surge in global energy prices due to the West Asia crisis.
- 05International airlines are charged market-linked rates, while domestic rates are moderated.
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On Friday, the price of Aviation Turbine Fuel (ATF) for international airlines was raised by 5%, increasing to $1511.86 per kilolitre in Delhi, which houses India's busiest airport. This adjustment marks the second consecutive monthly increase as oil companies respond to a global surge in energy prices. The latest hike follows a significant rise on April 1, when domestic airline rates were increased by 25% to ₹104,927.18 per kilolitre. Despite the international price hike, domestic ATF prices remain unchanged, as the government and state-owned oil companies have opted for a calibrated pricing strategy. This strategy allows international carriers to be charged market-linked rates while moderating prices for domestic airlines to mitigate the immediate financial impact on local operators. The sharp rise in global energy prices has been linked to ongoing crises in West Asia, necessitating these adjustments in ATF pricing.
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The increase in jet fuel prices could lead to higher operational costs for international airlines, potentially affecting ticket prices for travelers. However, domestic airlines are currently shielded from this impact.
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