Friday, January 01, 2021

ATF price up 3.7%

New Delhi: Jet fuel or ATF price on Friday was hiked by 3.7 per cent, the third increase in rates in one month on firming international oil prices.

Aviation turbine fuel (ATF) price was raised by Rs 1,817.62 per kilolitre, or 3.69 per cent, to Rs 50,978.78 per kl in the national capital, according to a price notification of state-owned fuel retailers.

This is the third increase in price since December 1, 2020. Rates had gone up by 7.6 per cent (Rs 3,288.38 per kl) on December 1 and by 6.3 per cent (Rs 2,941.5 per kl) on December 16.

ATF prices are revised on 1st and 16th of every month based on the average price of benchmark international rate and foreign exchange rate in the preceding fortnight.

In Mumbai, ATF price on Friday went up to Rs 49,083.65 from Rs 47,266.02 per kl.

Prices vary from state to state depending on the incidence of local taxes.

Increase in price of ATF, which makes for close to 40 per cent of the running cost of an airline, will put additional burden on airlines that have been struggling to return to normal business after Covid-19 lockdown had halted their operations.

01/01/21 PTI/Times of India

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