Jet gas costs on Saturday have been hiked by a marginal 0.2 per cent — the eighth straight improve this yr — to an all-time excessive, reflecting a surge in world power costs. The value of aviation turbine gas (ATF) — the gas that helps aeroplanes fly — was hiked by Rs 277.5 per kilolitre, or 0.2 per cent, to Rs 1,13,202.33 per kl (Rs 113.2 per litre) within the nationwide capital, in accordance with a value notification of state-owned gas retailers.
Meanwhile, petrol and diesel costs remained unchanged for the tenth straight day after rising by a document Rs 10 per litre every. While jet gas costs are revised on the first and sixteenth of each month, petrol and diesel charges are revised every day based mostly on equal charges within the worldwide market.
The improve in ATF value comes on again of the steepest ever hike of 18.3 per cent (Rs 17,135.63 per kl) effected on March 16 and a 2 per cent (Rs 2,258.54 per kl) improve on April 1. ATF in Mumbai now prices Rs 111,981.99 per kl, whereas it’s priced at Rs 117,753.60 in Kolkata and Rs 116.933.49 in Chennai.
Fuel charges have been elevated in India as a result of power costs globally have risen on again of provide considerations following Russia’s invasion of Ukraine and demand returning after being hit by the pandemic. India is 85 per cent depending on imports to fulfill its oil wants.
Jet gas, which makes up for nearly 40 per cent of the working price of an airline, has this yr surged to new highs. ATF costs have elevated each fortnight for the reason that begin of 2022. In eight hikes starting January 1, ATF costs have been elevated by Rs 39,180.42 or nearly 50 per cent.
Source: www.financialexpress.com”