Chandigarh, 1 December 2024 – Flight tickets are set to become costlier as oil companies increase aviation turbine fuel (ATF) prices.
The latest hike of ₹1,318 per kilolitre comes after a ₹2,941.5 (3.3%) rise last month, pushing ATF rates to ₹91,856.84 per kilolitre in Delhi, ₹94,551.63 in Kolkata, ₹85,861.02 in Mumbai, and ₹95,231.49 in Chennai. The revised rates took effect today, adding pressure on airlines and consumers.
Fuel costs, the second-largest operational expense for airlines after labour, heavily influence ticket prices. Airlines face shrinking profit margins due to these rising expenses, leading to increased fares for passengers.
Government oil companies—Bharat Petroleum (BPCL), Indian Oil (IOC), and Hindustan Petroleum (HPCL)—revise jet fuel and cooking gas prices on the first of each month. This marks the second consecutive ATF price hike after two reductions in September and October.
Commercial LPG Costs Reach Yearly High
Meanwhile, commercial LPG prices, used in hotels and restaurants, have risen for the sixth consecutive month. A 19-kg cylinder now costs ₹1,818.50 in Delhi, ₹1,771 in Mumbai, ₹1,927 in Kolkata, and ₹1,980 in Chennai—an increase of ₹16.5. This marks a cumulative rise of ₹172.5 since August, following earlier reductions totaling ₹148.
In contrast, domestic LPG prices remain unchanged at ₹803 per 14.2-kg cylinder.
The sustained increases in fuel costs highlight growing inflationary pressures across essential sectors, impacting businesses and consumers alike.
