Air travel may become cheaper as ATF prices fall by 7%
Fuel prices for domestic flights have been reduced by more than 7 percent, while fuel prices for international flights have fallen by more than 8 percent. This will help airlines reduce their operational costs, which will benefit the public in the form of cheaper fares.
While the new year has brought a shock regarding gas cylinder prices, oil companies have attempted to provide relief by significantly reducing ATF prices. Air turbine fuel prices have seen their largest drop in several months.
Fuel prices for domestic flights have been reduced by more than 7 percent, while fuel prices for international flights have fallen by more than 8 percent.
This will help airlines reduce their operational costs, which will benefit the public in the form of cheaper fares. Fuel accounts for more than 40 percent of an airline's operational costs.
Fuel prices play a key role in determining fare prices. Let us explain the current ATF prices for domestic and international flights in various metropolitan areas across the country.
Major drop in fuel prices for domestic flights
- Fuel prices for domestic flights in the national capital, Delhi, have been reduced by ₹7,353.75, or 7.38 percent. Consequently, ATF prices here have now become ₹92,323.02 per kiloliter. Previously, ATF prices were ₹99,676.77.
- Fuel prices for domestic flights in Kolkata have been reduced by ₹6,993, or 6.83 percent. ATF prices have now become ₹95,378.02 per kiloliter. Previously, the price was ₹102,371.02 per kiloliter.
- Fuel prices for domestic flights in Mumbai have been reduced by ₹6,928.85, or 7.43 percent. ATF prices have now become ₹86,352.19 per kiloliter, compared to ₹93,281.04 per kiloliter previously.
- Fuel prices for domestic flights in Chennai have been reduced by ₹7,531.8, or 7.29 percent. ATF prices have now reached ₹95,770 per kiloliter, compared to ₹103,301.80 per kiloliter previously.
- ATF prices for international flights also decreased
- Fuel prices for international flights in the national capital, Delhi, have been reduced by $73.33, or 8.48 percent. Consequently, ATF prices here are now $791.48 per kiloliter. Previously, ATF prices were $864.81.
- Fuel prices for international flights in Delhi have been reduced by $73.34, or 8.12 percent. With this, ATF prices here now stand at $829.76 per kiloliter. Previously, ATF prices were $903.10.
- Fuel prices for international flights in Delhi have been reduced by $73.08, or 8.45 percent. With this, ATF prices here now stand at $791.27 per kiloliter. Previously, ATF prices were $864.35.
- Fuel prices for international flights in Delhi have been reduced by $73.06, or 8.50 percent. With this, ATF prices here are now $786.83 per kiloliter. Previously, ATF prices were $859.89.