Let us tell you that the prices of Jet Fuel or Aviation Turbine Fuel (ATF) have increased by 61.7% since January. On the other hand, if we talk in rupees, then since January 1, its price has increased by Rs 46938 per kiloliter. After this, its price has increased from Rs 72,062 per kiloliter to Rs 1.23 lakh. However, when it comes to petrol and diesel, there has been no change in its prices on the 40th day.
Effect of rising prices globally
Jet Fuel prices in India have been increased for the 9th time in a row. The reason behind this is that experts are assuming rising prices globally due to the Russia-Ukraine war after the Kovid epidemic. India imports 85% of its oil to meet its oil needs. Therefore, its rising prices globally have a direct impact on India as well.
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Air travel will be expensive
After the increase in the prices of Jet Fuel or Aviation Turbine Fuel (ATF), it will have a direct impact on the customers. Jet fuel or Aviation Turbine Fuel (ATF) accounts for about 40% of the operating cost of any airline, due to which air travel can now become costly.