New Delhi: Prices of aviation turbine fuel (ATF), or jet fuel, were more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, driven by the surge in global oil prices linked to the widening West Asia conflict.
This is the first time ATF prices have crossed the Rs 2 lakh per kilolitre (kl)-mark.
ATF prices in Delhi were hiked to Rs 207,341.22 per kl, from Rs 96,638.14 per kl.
The rising prices will further strain airlines which are already burning more fuel in taking longer routes for flying to western destinations because of closure of airspace due to the war. Fuel makes up around 40 per cent of an airline’s operating cost.
