Your air travel is going to be more expensive now. The prices of Jet Fuel or Aviation Turbine Fuel (ATF) have increased once again. State-owned oil company Indian Oil Corporation has increased ATF prices by 5 percent or Rs 6188 per kilolitre.

After this increase, the price of jet fuel in the capital Delhi reached a record Rs 1.23 lakh per kilolitre. The new rates will be applicable till 31 May 2022.

How much did the prices of fuel increase this year?

From January 1, 2022, till now, the prices of jet fuel have increased 9 times. So far this year, its price has increased by 61.7 percent. Since January 1, the price of jet fuel has increased by Rs 46938 per kilolitre. On January 1, the price of ATF was Rs 76.02 per kiloliter, which has now increased to Rs 1.23 lakh per kilolitre.

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Fuel Prices in different cities

In the country’s capital Delhi, today i.e. on May 16, the price of ATF has increased from Rs 116852 per kiloliter to Rs 123039.71 per kiloliter. The price of ATF in Mumbai is Rs 121847.11 per kiloliter, in Kolkata Rs 127854.60 per kiloliter, and in Chennai, its price has gone up to Rs 127286.13 per kiloliter.

The price of ATF has been increased for the 10th time in a row. So far this year, the price has increased 9 times. During this time, the price of fuel remained unaffected.

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The prices of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) have been increased by Mahanagar Gas Limited (MGL) on Saturday. The MGL has hiked CNG and PNG prices for the second time in the past three weeks.

The price of CNG has been hiked by Rs 2/kg in the Mumbai Metropolitan Region (MMR), and the price of domestic PNG has been raised by Rs 1.50/SCM (supply chain management). 

An MGL spokesperson announced that the prices of CNG and PNG are all-inclusive. He also mentioned that CNG rates will now go up from Rs.61.50/kg to Rs 63.50/kg. PNG rates will increase from Rs 36.50/SCM to Rs 38/SCM.

About the recent hike, the MGL justified the hike as a measure to meet the domestic gas allocation shortfall. According to sources, additional market-priced natural gas (imported RLNG) is being sourced by MGL. Increasing demands for CNG and PNG are the reason behind this. 

The MGL saw a significant increase in the prices of RLNG that is imported. Resultantly, the MGL’s cost of gas has also increased. The new consumer price boost is expected to offset some of the expenditures.

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Meanwhile, this is not the first such incident. In late November, the rates of CNG and PNG were increased by Rs. 3.06/kg and 2.26/SCM. The Mahanagar Gas Limited has hiked CNG and PNG prices for the second time in a period of three weeks. 

These rate hikes affect millions of PNG consumers and CNG customers. The MGL, however, has assured 60 per cent savings in comparison with current petrol prices and 33 per cent savings in comparison with the current price of diesel. The company also claims a 24 per cent saving in comparison with LPG cylinders prices.

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Petrol and diesel rates across the country hiked for the seventh consecutive day on Monday as both fuel prices hit fresh record highs on Monday. After the fresh hike in of 26 paise, the price of petrol in Delhi is close to 89 per litre.

In Mumbai the price of normal petrol has crossed Rs 95 per litre, while petrol with additives has crossed the mark of Rs 100 Maharashtra’s Parbhani district. The higher cost in this district is due to long-distance transport.

Another city where the price is petrol is about to cross Rs 100 per litre mark is Rajasthan’s Sriganganagar. In the capital city of Jaipur, petrol is retailing at Rs 95.51.

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There are several cities where petrol prices have reached above Rs 90 per litre. After today’s hike by oil marketing companies in Kolkata, a litre of petrol costs Rs 90.25. The cost of petrol has also breached the Rs 91-mark after the fresh hike.

Other cities where petrol price has crossed Rs 90 per litre are Hyderabad (Rs 92.53), Bengaluru (Rs 91.97), Patna (Rs 91.67) and Thiruvananthapuram (Rs 90.87).

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Meanwhile, Diesel price also hiked in most cities and districts across the country. In New Delhi, the price of diesel has gone up by Rs 79.35 after the latest 29 paise hike today. In Kolkata, the price of diesel is retailing at Rs 82.94 per litre, while Mumbaikars will have to pay Rs 86.34 for a litre of diesel from today.

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