Since the beginning of the year 2022, the prices of air fuel are going skyward. The government has increased the prices of jet fuel by more than Rs 50,000 since January. This will have a direct impact on the pockets of air travelers. On Monday also, the price of jet fuel has been increased by 5 percent.
The inflationary pressure is now visible on the aviation sector recovering from the pandemic. Due to the increase in the price of crude oil in the global market, the prices of Aviation Turbine Fuel (ATF) are increasing continuously. After the fresh hike on Monday, now air travel will become more expensive.
According to the report of CNBC TV18, Indian Oil Corporation (IOC) has increased the prices of jet fuel by 5 percent on Monday. Now the price of air fuel has reached Rs 1.23 lakh per kiloliter. This will have a direct impact on the passengers traveling by air, because the airlines may soon increase the airfares further to recover their costs.
The cost of expensive fuel is increasing by Rs 51,000 since January
it can be gauged from the fact that the government has increased the prices of air fuel by Rs 50,938 from January in the year 2022 till now. is of. In the last four and a half months, the prices of air fuel have been increased by 61.7 percent. At the beginning of 2022, the price of ATF was Rs 72,062 per kiloliter, which has now increased to Rs 1.23 lakh.
However, petroleum companies have kept the prices of petrol and diesel stable for now and have not changed it for about 40 days. The last time the price of petrol and diesel was increased on 6 April. Earlier, the price of petrol was increased by Rs 6.40 in March and by Rs 3.60 per liter in April.
India’s import burden is high
, about 80 percent of the total fuel requirement in the country is imported. This is the reason that increasing prices in the global market has the biggest impact on India. Oil companies also import expensive fuel from outside and sell it here at retail price, on which the government also levies heavy tax and the retail price of fuel increases significantly. ATF prices are revised every 15 days. Earlier on May 1, the prices of air fuel were changed.
The prices of CNG
petrol and diesel, which are becoming increasingly expensive, have been kept constant, so the prices of CNG are being increased continuously. Indraprastha Gas Limited (IGL) has increased the price of CNG by Rs 2 per kg in Delhi NCR on 15 May. After this increase, CNG reached Rs 73.61 per kg in Delhi, while it is being sold at Rs 76.17 per kg in Noida. Apart from this, the price of Rs 81.94 per kg has been reached in Gurugram.
