11.8 C
New York
Tuesday, April 20, 2021
HomeStoriesAircraft fuel becomes overpriced by 46-58%, Aviation Companies facing trouble due to...

Aircraft fuel becomes overpriced by 46-58%, Aviation Companies facing trouble due to lockdown may increase

Oil Marketing Companies have increased the prices of aircraft fuel (ATF) since Monday. This could add to the prevailing difficulties of airlines facing a financial crisis because of the two-month lockdown. 

According to Indian Oil (IOL), the country’s largest oil marketing company, the price of aircraft fuel has been increased by Rs 12,126.75 to Rs 33,575.37 per kiloliter in the national capital from June 01. 

Before this, from May 16 to May 31, it was priced at Rs 21,448.62 per kiloliter. Thus there has been a vast increase of 56.54 percent.

Aircraft total consumption of Fuel

About 40% of the total expenditure of aviation companies is spent on fuel, 35-40% of the total expenditure of airline companies is spent on fuel. So far airlines are facing a cash crunch due to the complete ban on domestic passenger flights for two months. In such a situation, their problems may inflate with the increase in fuel prices.

Aircraft fuel price increased by 57.80 percent in Mumbai

Since Monday, the price of aircraft fuel in Kolkata has increased by 45.68 percent to Rs 38,543.48, in Mumbai by 57.80 percent to Rs 33,070.56 and in Chennai by 56.54 percent to Rs 34,569.30 per kiloliters. Oil marketing companies review aircraft fuel prices every fortnight.

Regularly Oil marketing companies are reviewing aircraft fuel prices with a hope of some relief.

Aircraft fuel price in four major metros of the country (in rupees per kiloliter)

Metropolis Earlier Now
Delhi 21448.62 33575.37
Kolkatta 26458.35 38543.48
Mumbai 20957.69 33070.56
Chennai 22083.14 34569.30

 

READ  Award Politics Enigma, A Conspicuous Way for the BJP Government to Gain Advantage in Election Campaigns

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

%d bloggers like this: