Air travel may get costlier as jet fuel prices on Wednesday were hiked by over 18%

March 16: For those who prefer air travel, this would certainly be a bad news. Air travel travel may get costlier as jet fuel prices on Wednesday were hiked by over 18%, the steepest ever increase to all time high levels after international oil price surged to a multi-year high. Jet air prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight.

Aviation Turbine Fuel (ATF), the fuel tat help aeroplanes fly was hiked by 17,135.63 per kl or 18.3% to rs.110,666.29 per kl in the national capital. Jet fuel which makes up for almost 40% of the running cost of an airline has this year surged to new heights.