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ATF Price Hike: Jet fuel prices hiked by Rs 3,232, for the second time in this month

According to petroleum companies, ATF prices have increased by Rs 3,232.87 per kiloliter to Rs 79,294.91 per kiloliter in the national capital.

ATF Price Hike: Jet fuel (ATF) has become costlier by 4.2 percent amid increase in international crude oil prices. ATF prices have been increased for the second time in this month. According to petroleum companies, ATF prices in the national capital have gone up by Rs 3,232.87 per kl or 4.25 per cent to Rs 79,294.91 per kl. At the same time, if we talk about the prices of vehicle fuel i.e. petrol and diesel, there has been no change in them for the 72nd consecutive day.

This month there has been an increase for the second time

ATF prices have increased for the second time in the new year i.e. January. Earlier on January 1, the price of jet fuel was increased by Rs 2,039.63 per kiloliter or 2.75 percent and it reached Rs 76,062.04 per kiloliter. However, ATF prices were cut twice in December. At that time the international crude oil prices had come down, since then the international crude oil prices are increasing. Jet fuel peaked at Rs 80,835.04 per kiloliter in mid-November. On December 15, the overall ATF prices were cut by Rs 6,812.25 per kiloliter or 8.4 per cent.

Prices change twice every month

Jet fuel prices are revised on 1st and 16th of every month. At the same time, the prices of petrol and diesel are revised every day. But vehicle fuel prices have not changed from November 4, 2021. At that time the central government had reduced the excise duty on petrol by Rs 5 and on diesel by Rs 10 per liter. However, during this period, there has been a lot of volatility in the price of Brent crude oil at the international level. Brent crude oil was at $ 82.74 per barrel on November 5, 2021. On December 1, it came down to $ 68.87 per barrel. Since then its prices have been increasing and it has reached $ 85 per barrel.

At present, petrol is being sold in Delhi for Rs 95.41 per liter and diesel at Rs 86.67 per liter. Before the cut in excise duty, vehicle fuel prices had reached an all-time high across the country. In most cities, petrol had imposed a ‘century’. At the same time, diesel had also crossed Rs 100 per liter in many cities.

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