Indian Oil Corporation (IOC) announced an increase of 7.3 per cent of jet fuel prices as of Tuesday, November 1, after raising the price of 3 percent on 1 October.
With this, the rise in fuel prices (also called turbine aviation fuel, or ATF) is 19.2 percent since the beginning of the current year.
aviation fuel now costs Rs 50,260.63 / kiloliter in Delhi and Rs 49.482 in Mumbai. The highest price among the four meters is in Kolkata, Rs 54.921.
The price was Rs. 46,826 on October 1 after the 3% increase and was Rs 42.157 from 1 April 2016.
Aviation fuels represent about 35% of operating costs of air carriers and widely affect profit margins.
The aviation turbine fuel (ATF) is distributed from specially designed refuellers two ways.
"The ATF is pumped into an aircraft by two methods: Overwing and Underwing Refueling by overwing is used on smaller planes, helicopters and aircraft piston engine and is similar to automobile fueling - one or more ports. fuel are open and fuel is pumped with a pump refueling conventionnelle.Le submarine, also called single point is used on larger aircraft, "according to IOC, a refiner and retailer State.
SpiceJet was down 0.68 per cent to Rs 73.20, Jet Airways was up 1.51 per cent to Rs 474.50 and Indigo owner Interglobe Aviation was on the Bombay Stock Exchange (BSE), courses carriers shares have traded in a narrow range. Trader 0.63 percent higher at Rs 942.
IOC was trading at Rs 0.31 per cent higher at Rs 324.55. BPCL was up 0.83 per cent at Rs 676, while HPCL was down 0.52 per cent to Rs 465.
The BSE Sensex was down 23 points to 27 907. The main losers in Sensex were TCS and Axis Bank, while Tata Steel (+ 3.13%), HDFC (2.82%) were the most profitable.