SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Oil companies putting an end to slew of price cuts hike Jet fuel prices by 1.7%

17 Jul 2012 Evaluate

In line with firm international oil rates, state owned oil companies, putting an end to their three month trend of price cuts, have hiked the prices of ATF or Jet fuel by 1.7%. Prices of aviation turbine fuel (ATF) or jet fuel in national capital were hiked by Rs 1,039.10 per kilolitre (kl) or 1.7% to Rs 62,208.18. In Mumbai, jet fuel will cost Rs 63,002.45 per kl from today as compared Rs 61,933.58 per kl previously.

The reduction in rates in six fortnights mainly triggered the increase in jet fuel prices, including a 5 per cent (Rs 3,260 per kl) cut in prices effected from June 16 and nearly 2 per cent (Rs 1,241 per kl) cut effected from July 1. Jet fuel, which scaled an all-time high level of Rs 71,028.26 per kl in August 2008 shortly after international oil rates touched a record $147 per barrel, fell to an eight-month low of Rs 61,169.08 per kl earlier this month.

However, this development, may came as blow to the beleaguered Indian airlines, as jet fuel constitutes more than 40% of the airline’s operating cost.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: