ATF prices hit record high after 9th ride this year; Check the new rates here

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.

Meanwhile, petrol and diesel prices remained unchanged for the 25th consecutive day after rising by a record Rs 10 per liter each. While kerosene prices are revised on the 1st and 16th of each month, gasoline and diesel prices are revised daily based on equivalent prices in the international market.

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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.

Fuel prices have increased in India because energy prices worldwide have increased due to supply problems following Russia’s invasion of Ukraine and the return of demand after being hit by the pandemic. India is 85% dependent on imports to meet its oil needs.

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


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