Domestic oil companies have raised aviation turbine fuel prices by a steep 16 rupees per litre effective Thursday, October 1, driven by a sharp uptick in crude prices during the final ten days of September, which pushes the cost for domestic airlines up to 137 rupees per litre from 121 rupees and reflects a dramatic 13.22 per cent jump. Alongside this, public sector oil companies announced that commercial LPG prices have increased by 62.50 rupees per 19-kilogram cylinder in alignment with international benchmarks, marking the third monthly revision since August, which follows previous hikes of 5 rupees and 6.28 rupees in preceding months. Because aviation turbine fuel accounts for up to 40 per cent of an airline’s operating expenses, this substantial spike heavily impacts operational costs during the festive season, though domestic carriers have not yet made any official announcements regarding whether they will absorb these costs or pass them on to passengers through surcharges. These revisions are directly tied to recent fluctuations in global benchmark oil prices and the rupee-dollar exchange rate, while regional prices continue to vary due to local taxes like VAT, and meanwhile, everyday consumers find significant relief as retail petrol and diesel prices remain unchanged following their last hike of about 7.50 rupees per litre in May.
Jet Fuel Rates Spike 13%: Will Air Travelers Have to Pay More for Tickets
