On August 1, the rates of air turbine fuel ( ATF) have been cut down by a thumping 12% complying with the fall in the international oil rates. ATF comprises nearly 40% of the functional cost of the airline. Thus, with the fall in ATF prices, flight tickets are also expected to get cheaper. The revision of ATF prices takes place twice a month, on 1st and 16th. ATF, also known as jet fuel, is a special fuel that is used to run airplanes.
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Jet Fuel Prices In Different Indian Cities
After the price reduction, jet fuel is going to cost the following in different Indian cities:
- Mumbai- ₹1,20,875.86 per kl
- Kolkata – ₹1,28,425.21 per kl
- Chennai- ₹126,516.29 per kl
- Delhi NCR- ₹1,21,915.57 per kl
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Also Read: This Is The Cheapest Day Of The Week To Book International Flights
This Is The Third Time Reduction Of ATF Prices In 2022
On July 16, ATF prices were reduced by 2.2% while no changes were made on July 1. Before July 1, ATF prices had surged by 16%, resulting in a steep increase in flight fares. The reduction in the prices can bring a sigh of relief to thousands of air passengers. This is the third time drop in ATF prices in 2022. Having said that, there have been no changes in the rates of petrol and diesel. Petrol costs ₹96.72/litre now and diesel costs ₹89.62/litre. On that note, here are 5 Ways To Book The Cheapest Flight for your next journey.