Jet fuel price for foreign airlines hiked 5%; second straight monthly rise

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According to state-owned oil marketing companies, ATF prices for international carriers were raised by $76.55 per kilolitre, or 5.33%, to $1,511.86 per kl in Delhi. 

The latest revision follows a sharp increase on April 1, when ATF prices for domestic airlines were raised by 25% to ₹104,927.18 per kl.
The latest revision follows a sharp increase on April 1, when ATF prices for domestic airlines were raised by 25% to ₹104,927.18 per kl. | Credits: Shutterstock

The price of Aviation Turbine Fuel (ATF) or jet fuel for international airlines was increased by 5% on Friday, marking the second consecutive monthly hike as oil companies passed on the global rise in energy prices in a calibrated manner. There was no change in ATF prices for domestic airlines. 

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According to state-owned oil marketing companies, ATF prices for international carriers were raised by $76.55 per kilolitre, or 5.33%, to $1,511.86 per kl in Delhi. 

The latest revision follows a sharp increase on April 1, when ATF prices for domestic airlines were raised by 25% to ₹104,927.18 per kl. 

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Jet fuel prices were deregulated more than two decades ago and have since been linked to benchmark international rates under a pricing arrangement with airlines. 

However, with the West Asia conflict triggering a sharp surge in global energy prices, the government and state-run oil firms opted for a calibrated pricing strategy, industry sources said. 

Under this approach, foreign airlines and international carriers are being charged market-linked rates, while prices for domestic airlines have been moderated. 

Meanwhile, commercial LPG prices were raised by a record ₹993 per 19-kg cylinder on Friday, marking the third straight monthly increase amid rising global energy costs linked to the West Asia conflict. 

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A 19-kg commercial LPG cylinder, used by hotels, restaurants and other businesses, now costs ₹3,071.50 in Delhi, up from ₹2,078.50 earlier. 

This follows previous increases of ₹195.50 per cylinder on April 1 and ₹114.50 on March 1. In the last three revisions, commercial LPG prices have risen by a cumulative ₹1,303 per cylinder. 

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Prices of domestic cooking gas LPG, used in household kitchens, remained unchanged. Domestic LPG rates were last increased by ₹60 per 14.2-kg cylinder on March 7. A domestic cylinder currently costs ₹913 in Delhi.