India hikes ATF prices by over 115% amid West Asia crisis, airline stocks in focus

The Indian government has increased the price of aviation turbine fuel (ATF) by over 115% in national capital New Delhi to ₹2.07 lakh per kilo litre amid the ongoing West Asia war

In Delhi, the ATF will cost ₹2,07,341.22 lakh per kL from April 1, as compared to ₹96,638 per kL in the previous month. 

The increase of over

₹1.14 lakh stems from the global oil and fuel crisis due to the ongoing Iran-US-Israel war. 

In Kolkata, the ATF price now stands at ₹2,05,955.33, up from ₹99,587.14 in March. 

In Chennai, the ATF now costs ₹2,14,597.66, witnessing an increase from ₹1,00,280.49 in the previous month.

In Mumbai, the ATF price is now at ₹1,94,968.67 in comparison to last month's ₹90,451.87, it is one of the cheapest among the major cities.

The development puts the airline stocks in focus on Wednesday, April 1.

The airfare costs are expected to rise for customers due to the exponential ATF price hikes.