Jet fuel prices hiked again, shoot up to all-time high

Jet fuel prices were hiked by two per cent on Friday, the seventh straight increase this year, to an all-time high, reflecting a surge in global energy prices.

Aviation turbine fuel (ATF) – the fuel that helps aeroplanes fly – was hiked by ₹2,258.54 per kilolitre, or two per cent, to ₹1,12,924.83 per kl in the national capital, according to a price notification by state-owned fuel retailers.

There was, however, no change in the price of petrol and diesel on Friday. Prior to the second pause in 11 days, auto fuel rates had gone up by ₹6.40 per litre.

The increase in ATF price comes on the back of the steepest ever hike 18.3 per cent (₹17,135.63 per kl) effected on March 16.

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Jet fuel prices are revised on the first and 16^th of every month based on the average international price of benchmark fuel in the preceding fortnight.

Jet fuel, which makes up for almost 40 per cent of the running cost of an airline, has surged to new highs this year.

ATF prices have increased every fortnight since the start of 2022. In seven hikes beginning January 1, ATF prices have been increased by ₹38,902.92 kl or almost 50 per cent.

(With inputs from Agencies)