ATF Price Hike: December, which marks the end of 2024, has begun today. The prices of several items were altered already on the very first day of the month. Indeed, the costs of LPG cylinder and ATF have been modified starting today. These alterations impact the general population to some extent.
According to information from oil marketing companies’ websites, the prices of Commercial LPG Cylinder and Aviation Turbine Fuel (ATF) have risen (ATF Price Hike). Following this rise, there is a belief that dining out and flying may become more costly. As per the latest update, the cost of jet fuel has risen by over Rs 4,000 per kilolitre. There are concerns that air travel could become costly due to the significant increase in prices. By referring to the table provided, you can find out the cost of ATF fuel in your local area.
The prices of ATF had risen in November as well. Jet fuel prices have risen for the second consecutive month. ATF prices had risen by Rs 2,941.5 per kilolitre in November. Because of the rise in ATF prices, airlines’ operational expenses could also go up.
Why are the prices of ATF steadily rising?
The question now is why are the prices of ATF steadily rising. The fluctuation in crude oil prices is the explanation for this. In reality, there has been a variation in the costs of crude oil in the global market. As a result, the value of the rupee decreased compared to the dollar. Because of these two factors, the prices of ATF have gone up. Today marks the beginning of higher prices for commercial cylinders as well. The recent update indicates that there has been a Rs 16.5 increase in the prices of commercial cylinders. Nevertheless, there has been no adjustment in the costs of local cylinders. They stay constant at their previous prices.