Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,885.3544.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Aviation turbine fuel price hiked by 7.5 per cent, non-subsidised LPG by Rs 10.50

The price of non-subsidised LPG was hiked to Rs 626.50 per 14.2-kg cylinder in Delhi from Rs 616 till yesterday.

, ET Bureau|
Updated: Jun 01, 2015, 04.57 PM IST
0Comments
Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder
Jet fuel price was hiked by a steep 7.5 per cent today and rates of non-subsidised cooking gas (LPG) by Rs 10.50 per cylinder
MUMBAI: State-run oil refiners have hiked jet fuel prices by more than 7% taking away some of the cost benefits airlines have been enjoying on lower fuel costs in the last one year.

Prices were hiked to Rs 53353.92 per kiloliter in Delhi, the busiest airport in the country. Oil companies revise aviation turbine fuel (ATF) price on the 1st of every month.

Jet fuel expenses account for over 40% of an airline’s operating costs and is costlier in India than the rest of the world, thanks to a slew of taxes levied by state governments on its purchase and transport.

Following a global trend of price cuts in crude, price of the fuel in India has fallen by 35% since Janaury.

The hike however is unlikely to lead to an increase in prices, sid an airline executive adding in a price-sensitive market such as India, it is impossible for prices to always follow cost revisions.

Also Read

Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel

Aviation Turbine Fuel price cut by 1%, LPG rate up by Rs 15.5

With little room to raise fares, airline profit hinges on aviation turbine fuel

Aviation Turbine Fuel price hiked by 8.1 pc, still costs less than petrol, diesel

Government cuts excise duty on Aviation Turbine Fuel to 11 per cent from 14 per cent

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service