Friday, July 02, 2021

You may have to pay more for air travel in coming days, here's why

Prices of Air Turbine Fuel (ATF), also known as jet fuel, soared to Rs 68,262 per kiloliter (KL) in Delhi on Thursday, around 30 percent more expensive than in January 2021. Jet Fuel was reportedly at Rs 50,979 in January 2021.

According to Indian Oil Corporation Limited (IOCL), the largest supplier of ATF in the country, on Thursday reported price hiked by 3.6 percent in the Delhi region. The reason behind the ATF price hike is the increasing global oil prices.

"ATF prices hiked in Delhi by 3.6 percent and stood at Rs 68,262.35 per kl, in Kolkata it is increased by 3.27 and is at Rs 72,295.24 per kl; it increased by 3.77 percent and stood at Rs 66,482.90 in Mumbai and Chennai it is at Rs 66,482.90 per kl," IOCL said.

According to available data, jet fuel was increased by about 30 percent within six months. "On January 1, ATF fuel price was 50979 per kiloliter, February 1 it was reported Rs 53795 per kl, on March 1, Rs 59400 per kl, on April 1, ATF price was Rs 58374 per kl, where on May 1, it was Rs 61690 per kl and June 1 it was reported Rs 64118 per kiloliter," the data showed.

Aviation experts say that ATF prices play an important role in the Indian aviation industry. Ticket prices are dependent on ATF and other unavoidable charges. 

Delhi airport released a white paper on passengers growth on Thursday which showed a significant drop in passenger traffic due to lockdown and travel restrictions imposed by many states owing to the second wave of the COVID-19 pandemic.

"Delhi Airport has started witnessing growth in passenger numbers slowly but steadily post relaxation in lockdown and travel norms by various states in June. Most of those who flew were in visiting family and friends category (48 percent) which was followed by vacation (25 percent) and Business travellers (19 percent)," Delhi Airport said.

02/07/21 DNA

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