ATF value hiked by 2% to all-time excessive

Jet gas costs on Friday have been hiked by 2 per cent – the seventh straight enhance this 12 months – to an all-time excessive, reflecting a surge in international vitality costs.

Aviation turbine gas (ATF) – the gas that helps aeroplanes fly – was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs 1,12,924.83 per kl within the nationwide capital, in response to a value notification by state-owned gas retailers.

There was, nevertheless, no change within the value of petrol and diesel on Friday. Prior to the second pause in 11 days, auto gas charges had gone up by Rs 6.40 per litre.

The enhance in ATF value comes on again of the steepest ever hike 18.3 per cent (Rs 17,135.63 per kl) effected on March 16.

Jet gas costs are revised on the first and sixteenth of each month based mostly on the typical worldwide value of benchmark gas within the previous fortnight.

Jet gas, which makes up for nearly 40 per cent of the working value of an airline, has this 12 months surged to new highs.

ATF costs have elevated each fortnight because the begin of 2022. In seven hikes starting January 1, ATF costs have been elevated by Rs 38,902.92 kl or virtually 50 per cent.