ATF Price Hike: Oil marketing companies have given a big blow to airline companies by increasing ATF prices. ATF prices have been increased by ₹6,271.5/KL.
Oil marketing companies have given a big blow to airline companies by increasing the prices of Aviation Turbine Fuel (ATF). ATF prices have been increased by ₹ 6,271.5/KL. The price of ATF was reduced by ₹ 2414.25/KL last month and by ₹ 3954.38/KL in May. The new rate has come into effect from today. After this increase, the price of ATF in Delhi has now become 89,344.05/KL, in Kolkata 92,526.09/KL, in Mumbai 83,549.23/KL and in Chennai 92,705.74/KL.
The cost of aviation fuel is about 40 percent of the total expenses of airlines. The increase in ATF prices will increase the expenses of airlines. This has raised the possibility of increase in air fares. However, it is unlikely that airlines will increase fares immediately after the reduction in ATF prices in the last two months. Globally, ATF prices are linked to crude oil prices because it is produced through the refining process (extraction) of crude oil.
Why the price increased
All the factors affecting crude oil prices also have a deep impact on ATF prices. This increase in ATF prices is due to fluctuations in international crude oil prices and fall in rupee-dollar exchange rates.
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