Sunday, July 17, 2022

Big relief for airlines as ATF prices reduced

New Delhi: In a relief to airlines, oil marketing companies on Saturday reduced the aviation turbine fuel (ATF) by Rs 3,084.94 to Rs 138,147.93 per kl in Delhi, in response to the fall in international prices.

This is the second reduction in rates this year with the earlier price cut being effected on June 1 by Rs 1,563.97 per kl. Before that, rates were hiked by Rs 6,188.25 per kl on May 16 to Rs 1,23,039.71 per kl. ATF prices had peaked to Rs 141,232.87 per kl last month after an increase of a whopping Rs 19,757 per kl on June 16.

The latest cut comes as a big respite for the airlines industry, for which fuel accounts for 40% of its operational cost. In the past one year, ATF prices have more than doubled from Rs 68,262 a unit to Rs 138,148.

17/07/22 New Indian Express

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