Jet fuel price up 16%; air travel to cost more

PTI

Updated At : 11:30 AM Jun 17, 2022 IST

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New Delhi, June 16

Jet fuel price was today hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates. The price of aviation turbine fuel (ATF), the fuel that helps aeroplanes fly, has been increased by Rs 19,757.13 per kilolitre, or 16.26 per cent, to Rs 1,41,232.87 per kl (Rs 141.2 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

The hike, which comes on the back of a marginal 1.3 per cent (Rs 1,563.97 per kl) cut in rate earlier this month, takes jet fuel prices to record high across the country. But for the one-off decrease on June 1, ATF prices have been on the rise throughout 2022. In all, rates have been increased 11 times this year. This has led to rates almost doubling in six months.

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