Avian turbine fuel prices hiked for the second time in January 2022
New Delhi:
The price of Avian Turbine Fuel (ATF) or jet fuel was hiked by 4.2 per cent on Sunday, the second hike in rates this month, led by a firming up in international oil prices, even as petrol and diesel prices rose. remained unchanged for more than two. month now.
ATF price in the national capital rose by Rs 3,232.87 per kl or 4.25 per cent to Rs 79,294.91 per kl in the national capital, according to a price notification by state-owned fuel retailers.
This is the second hike in rates this month. The rates were raised by Rs 2,039.63 per kiloliter or 2.75 per cent to Rs 76,062.04 per kiloliter on January 1, 2022.
These hikes have come into effect after two rounds of price cuts in December 2021 as international oil prices fell in the second half of November and mid-December.
Subsequently, international rates have firmed up, leading to a rise in ATF prices.
The ATF price had touched Rs 80,835.04 per kl in mid-November, before a total cut of Rs 6,812.25 per kl, or 8.4 per cent, on December 1 and 15.
Jet fuel prices are revised on 1st and 16th of every month based on the average price of international benchmarks over the last fortnight.
Unlike ATF, petrol and diesel rates are revised daily after taking the average price over the previous fortnight.
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