Highlights

  • ATF up 91 percent in the last six months
  • Jet fuel prices on June 3 were cut by 1.3 percent

Latest news

Brett Lee drops pics with R Madhavan from Dubai golf session

Brett Lee drops pics with R Madhavan from Dubai golf session

Gold imports tumble 39% in May after duty hike; ETFs see first outflows in over a year: WGC

Gold imports tumble 39% in May after duty hike; ETFs see first outflows in over a year: WGC

Druid Sport Secures a Record Number of AFA Partnerships Across the Indian Subcontinent

Druid Sport Secures a Record Number of AFA Partnerships Across the Indian Subcontinent

From Biryani to Seasonal Specials, 63 Degrees Serves a Feast in Hyderabad

From Biryani to Seasonal Specials, 63 Degrees Serves a Feast in Hyderabad

'Pataudi princess x Superman': Internet can't keep calm as Sara Ali Khan meets Henry Cavill at Royal Ascot

'Pataudi princess x Superman': Internet can't keep calm as Sara Ali Khan meets Henry Cavill at Royal Ascot

IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

IDBI Bank Introduces FCNR(B) Special Opportunity Deposit in USD with Attractive Returns for NRIs on Foreign Currency Deposits

Writer-Director Sonya V. Kapoor Wins Best Series Director, Best Writer and Best Series for JioHotstar's Section F Ka Only Boy

Writer-Director Sonya V. Kapoor Wins Best Series Director, Best Writer and Best Series for JioHotstar's Section F Ka Only Boy

Steelcase Expands India Presence with Flagship Dealer Showroom in Chennai

Steelcase Expands India Presence with Flagship Dealer Showroom in Chennai

Flight ticket prices to increase by up to 15 percent: Spicejet CMD

ATF price has nearly doubled In 2022, up 91 percent in the last six months.

Flight ticket prices to increase by up to 15 percent: Spicejet CMD

Airline tickets are set to increase by 10 to 15 percent due to a hit by jet fuel prices and a depreciating rupee.

"Sharp increase in jet fuel prices & depreciation of Rupee have left domestic airlines with little choice but to immediately raise fares&we believe that a min 10-15% increase in fares is required to ensure that cost of ops are better sustained," Ajay Singh, CMD of SpiceJet said on Thursday.

The price of aviation turbine fuel (ATF) has been spiked by 16.3 percent to an all-time high of Rs 1.41 lakh per kilolitre in Delhi, CNBC TV-18 reported on June 16.

ATF price has nearly doubled In 2022, up 91 percent in the last six months.

Rupee has depreciated 500 basis points against the US Dollar this year.

Jet fuel prices on June 3 were cut by 1.3 percent, its first reduction after 10 rounds of price hikes.

ADVERTISEMENT

Up Next

Flight ticket prices to increase by up to 15 percent: Spicejet CMD

Flight ticket prices to increase by up to 15 percent: Spicejet CMD

Honda Activa 6G: Everything You Need to Know Before Buying

Honda Activa 6G: Everything You Need to Know Before Buying

How much does a ULIP plan really cost? A break-down of all charges

How much does a ULIP plan really cost? A break-down of all charges

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

ADVERTISEMENT

editorji-whatsApp

More videos

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.