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Aviation Turbine Fuel Price Hiked By 4.2%

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Bird turbine fuel rates have actually been hiked for the second time in January 2022New Delhi: Bird turbine fuel (ATF) or jet fuel price was treked by 4.2 per cent on Sunday, the 2nd increase in rates this month, undertaken due to tightening of global oil prices, even as petrol and diesel costs have remained unchanged for more than 2 months now.ATF cost was treked by Rs 3,232.87 per kilolitre, or 4.25 per cent, to Rs 79,294.91 per kl in the national capital, according to a rate notice of state-owned fuel retailers.This is the second boost in rates this month.

Rates were treked by Rs 2,039.63 per kl, or 2.75 per cent, to Rs 76,062.04 per kl on January 1, 2022 earlier.These walkings have actually been effected after two rounds of price cuts in December 2021 as worldwide oil costs had fell during the 2nd half of November and mid-December.

Afterwards, global rates have actually tightened, causing the hike in ATF prices.ATF price had peaked to Rs 80,835.04 per kl in mid-November before it was cut on December 1 and 15 by a total of Rs 6,812.25 per kl or 8.4 per cent.Jet fuel rates are revised on the first and 16th of on a monthly basis, based on the typical cost of the worldwide standard in the preceding fortnight.Unlike ATF, petrol and diesel rates are modified daily after taking the typical price in the preceding fortnight.




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