New Delhi: Flying in India can soon become more expensive because the price of flight turbine (ATF) reaches a new record late on Wednesday.
The oil company has climbed the price of jet fuel about 5% and now one kilo-liter (KL, or 1,000 liters) will now cost Rs 90,519.8 and Rs 88,987,2 respectively in Delhi and Mumbai, for domestic flights.
While crude oil prices have surged globally, the ongoing electoral season means that for now the prices of politically sensitive gasoline and diesel are not lifted over the past few weeks.
The price of jet fuel, which will not be an election problem, see a surge when the center has not cut excise on the same thing even though the recurring demand from the airline industry is surviving.
ATF prices have been carried out by Rs 6,743.25 per KL or 8.5 percent to Rs 86,038.16 per KL in Delhi, earlier this month.
It was the highest price touched by ATF in India, before the second two-week increase on Wednesday.
Previous height was Rs 71,028.26 per KL in August 2008 when international crude oil prices had touched $ 147 per barrel.
The ATF itself accounts for almost 40% of Indian Airlines operating costs because this country has the most expensive jet fuel for domestic flights globally.
Officials throughout the airline said the airline ministry now automatically raises the location of the domestic tariff that is given a situation or industry needs to ask the same.
“March 7, 2022, is the date of the last vote for countries currently going to elections.
The increase in crude oil prices might begin pinching immediately after that when prices began to rise,” said people who knew.
ATF prices suffer from double whagging – high base prices by oil companies and then even higher taxes by centers and countries.
Some states have cut their tax rates at ATF but do not have the largest hub housing such as Delhi and Mumbai airports.
While the paralyzed airline-pandemic has long asked the center to cut excise on jet fuel, there is no pause on the front too.
The price of jet fuel hits is new high; fly may be more expensive
