Friday, June 24, 2022
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jet fuel

Jet fuel prices increased by 0.2 percent, rates touch record high

Synopsis: Jet fuel prices were raised by a marginal 0.2 percent on Saturday, marking the eighth increase this year. A surge in global crude oil prices has driven ATF prices to a record high this year, putting substantial financial strain on the aviation sector

India’s aviation industry to report a net loss of Rs 25,000-26,000 cr in FY22: ICRA

Synopsis: The Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore in this financial year as elevated aviation turbine fuel (ATF) prices and continued fare caps continue to pose a major challenge for the airlines, said ICRA Ltd in a report

ATF prices surge to highest-ever in history as fuel retailers announce 5.2% hike

Synopsis: Aviation Turbine Fuel (ATF) prices have surged to record highs on Wednesday after oil marketing companies (OMCs) increased rates by 5.2 percent in line with the flare in global crude oil prices

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