Home / News / India News / Article / Jet fuel costs jump by 10 per cent under new stabilisation regime to Rs 114.5 per litre in Mumbai and Rs 115 per litre in Delhi

Jet fuel costs jump by 10 per cent under new stabilisation regime to Rs 114.5 per litre in Mumbai and Rs 115 per litre in Delhi

Jet fuel for domestic airlines will now cost Rs 115 per litre, up from Rs 104.927. Under the new framework, the rate will be locked in for up to three years for airlines that choose to opt into the government-backed price stabilisation scheme

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ATF typically accounts for about 40 per cent of airline operating costs and can rise to as much as 60 per cent during periods of sharp volatility. Representational pic

ATF typically accounts for about 40 per cent of airline operating costs and can rise to as much as 60 per cent during periods of sharp volatility. Representational pic

Aviation turbine fuel (ATF) prices were raised by around 10 per cent on Tuesday as state-owned oil marketing companies introduced a price stabilisation regime offering domestic airlines a fixed fuel rate for up to three years, in a move aimed at cushioning carriers and passengers from sharp swings in global oil prices.

Jet fuel for domestic airlines will now cost Rs 115 per litre, up from Rs 104.927, industry sources told news agency PTI.

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