Kerosene prices rose 3.22% on Sunday – the ninth consecutive increase this year – to a record high, reflecting a surge in global energy prices. According to a price notification from state-owned fuel retailers.
The ATF price increase follows the highest ever increase of 18.3% (17,135.63 rupees per kl) made on March 16 and a 2% increase (2,258.54 rupees by kl) on April 1st. Prices rose just 0.2%. April 16.
ATF in Mumbai now costs Rs 1,15,617.24 per kl, while it is priced at Rs 1,21,430.48 in Kolkata and Rs 1,20,728.03 in Chennai. Rates differ from state to state, depending on the incidence of local taxation.
Jet fuel, which accounts for almost 40% of an airline’s operating costs, has reached new heights this year. ATF prices have been increasing fortnightly since the beginning of 2022. During the nine hikes starting on January 1, ATF prices have been increased by Rs 42,829.55 per kl (Rs 42.8 per litre) or more than 50%.
First post: STI