The Rise Continues: Jet Fuel Prices Hiked For The 11th Month In A Row

While most of the country is trying to battle the hike in petrol and diesel prices, the airline industry has arguably received the shorter end of the stick. Indian Oil Corporation, India’s largest fuel supplier, has hiked the aviation turbine fuel, or Jet fuel prices for the 11th month in succession.

As on date, Jet fuel costs Rs 70, 028 per kilolitre (Delhi) – over 34% more than the average price last year. Also, this is the highest jet fuel rate since May 2014.

In the last three months, Brent Crude, the Asian oil-price benchmark, has increased by around 15 percent to reach $77 per barrel. Also, if we look at the average jet fuel prices per quarter, this is the highest average price in the last three years.

Fuel costs make up for around 33 percent of an airline’s operating costs. This continuous price hike can cause an impact on the airlines’ financials. Airlines have already started taking measures to offset this impact. Indigo, for example, India’s largest domestic airline, is charging a fuel surcharge of Rs 400 on every domestic flight ticket. Read More

You may also read!

Inside: The command and control bunker of Kargil War

Here is a look inside a representational command and control bunker of the 1999 Kargil War. During the fierce


Sagardhwani to embark on 2-month mission

INS Sagardhwani, an oceanographic research vessel operated and maintained by the Indian Navy for the Naval Physical & Oceanographic


Kulbhushan Jadhav was abducted by group of Jaish-ul-Adl from Chabahar and given to ISI: Report

Sources in the Indian government have said that Kulbhushan Jadhav was kidnapped in Iran's Chabahar and moved to Pakistan


Leave a reply:

Mobile Sliding Menu