Following the diesel price hike by Rs 5.63 per litre, aviation turbine fuel (ATF), or jet fuel was raised by about 2% to Rs 73,711 per kilolitre on Sept 15 - the biggest ever hike in rates effected from beginning of this month. Further, according to Indian Oil Corporation (IOC), ATF at T3 terminal in Delhi has been increased by Rs 1,429/ kl, or 1.97% to Rs 73,711/ kl.
Since July, this is the fifth straight increase in rates, jet fuel adds up to over 40% of an airline's operating costs and the increase in prices will add to the burden of cash-strapped airlines. The prices were increased mainly on the back of firming international oil rates and dip in rupee value against the US dollar.
The three fuel retailers i.e. Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) normally modify their jet fuel prices on the 1st & 16th of every month, based on the average international price in the previous fortnight.
Start Research-backed Investing ...Now. Subscribe to Sapphire
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.
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.
MoneyWorks4Me ensures this through: