
Jet fuel prices see 5% jump in 10th hike this year
The hike in ATF prices is likely to make air travel more expensive as aviation fuel constitutes around 40% of the running cost of an airline.
The hike in ATF prices is likely to make air travel more expensive as aviation fuel constitutes around 40% of the running cost of an airline.
Aviation turbine fuel, used to fly airplanes, was raised by 2% to hit an all-time high ₹1,12,924.83 per kilolitre in the Delhi region.
Aviation turbine fuel (ATF) prices witnessed an 18% jump on Wednesday.
Aviation turbine fuel (ATF) prices have been hiked by 3.3% to a record high of ₹93,530.66 per kilolitre in Delhi.
This is the fourth hike in aviation turbine fuel (ATF) prices in 2022.
Pressure to reduce duties on ATF mounts as surging prices increase stress on a sector in the doldrums.
SpiceJet plans to operate 25% of its flights using biofuel, most probably on short-haul routes, and the rest on traditional jet fuel.
The airline intends to maximise profit from its code-sharing agreements with foreign carriers such as Etihad and Air France-KLM.