Government hikes jet fuel prices by 5% for international airlines

NEW DELHI: Government on Friday increased the price Aviation Turbine Fuel for international airlines by 5 per cent.This is the second straight monthly rise amid the global energy crisis.However, there is no change in the ATF price for domestic airlines.ATF prices have been increased by USD 76.55 per kilolitre, or 5.33 per cent, to USD 1511.86 per kl in Delhi, home, according to state-owned oil firms.Under this mechanism, foreign airlines and other carriers will pay market-linked rates, while prices for domestic airlines have been moderated, new agency PTI reported, citing sources.Earlier on April 1, rates for domestic airlines were hiked by 25 per cent to Rs 104,927.18 per kl.Jet fuel prices were deregulated more than two decades ago and have since been linked to international benchmark rates under a written understanding with airlines.However, a surge in global energy prices triggered by the West Asia crisis led to what sources described as the steepest-ever hike in ATF rates, prompting the government and state-run oil companies to take a calibrated approach.Jet fuel prices were deregulated more than two decades ago and have since been linked to international benchmark rates under a written understanding with airlines.