A significant update has emerged for the general public and airline companies on the first day of the month. Following two consecutive months of rising jet fuel prices, a decline has been observed in September, which increases the likelihood of a reduction in airfares. The increase in jet fuel prices leads to heightened costs for airline companies, forcing them to raise ticket prices. However, with the recent decrease in jet fuel, airlines are now granted the opportunity to lower ticket prices. Let’s delve deeper into the current prices of jet fuel or Aviation Turbine Fuel (ATF) across four major cities in India.
How Much Has ATF Become Cheaper?
- Delhi: In August, the price of ATF was ₹97,975.72 per kiloliter, which has now fallen to ₹93,480.22 per kiloliter. This marks a significant reduction of ₹4,495.50 per kiloliter.
- Kolkata: The price of ATF in Kolkata decreased from ₹1,00,520.88 per kiloliter in August to ₹96,298.44 per kiloliter, indicating a drop of ₹4,222.44 per kiloliter.
- Mumbai: In Mumbai, ATF prices decreased from ₹91,650.34 per kiloliter to ₹87,432.78 per kiloliter, reflecting a decrease of ₹4,217.56 per kiloliter.
- Chennai: The price in Chennai has also seen a decrease, dropping from ₹1,01,632.08 per kiloliter to ₹97,064.32 per kiloliter, which amounts to a reduction of ₹4,567.76 per kiloliter.
Current Jet Fuel Prices for International Flights
On the international front, domestic airlines will have reduced expenditures on jet fuel for international flights. At Delhi Airport, the price for such flights has become $39.68 cheaper, with the current price now at $852.12 per kiloliter, down from August’s rate. Similarly, the prices at other airports are as follows:
Jet Fuel Prices at Major Airports
| City | Previous Price (August) | Current Price | Price Reduction |
|---|---|---|---|
| Delhi | $891.80 | $852.12 | $39.68 |
| Kolkata | $930.50 | $890.85 | $39.65 |
| Mumbai | $891.06 | $851.34 | $39.72 |
| Chennai | $886.64 | $846.99 | $39.65 |
This drop in prices could potentially lead to a decrease in airfare across both domestic and international routes, benefiting travelers with lower transportation costs. With fluctuating oil prices, passengers can keep an eye on these changes to plan their travels more economically. The ongoing trend suggests that consumers may see fare adjustments based on these operational costs, making it an interesting time for air travel enthusiasts and regular flyers alike.
