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In the month of June, there was a tremendous increase in crude oil prices due to Iran-Israel War. In the international market, Brent crude oil prices also crossed $ 78 per barrel. Even after that, when the ceasefire was announced between the two countries, the prices once again reduced more than $ 10 per barrel. Even after that, there is tension between the two countries. Its effect has been seen in the prices of jet fuel. The prices of jet fuel for domestic and international flights have increased by more than 7.50 percent. There is another reason for this fast.
Where Pakistan has closed its air space. On the other hand, some air spaces are closed in the middle East. Due to which international flights have to roam through long routes. Fuel is also spending more. In such a situation, consumption and demand have increased. Also, the operational cost of airline companies has also increased considerably. In such a situation, it is being speculated that airline companies can increase the fair in the coming days. Earlier, the prices of jet fuel had seen a fall of 12 to 13 percent in the prices of jet fuel for national and international flights.
Jet fuel expensive for domestic flights
Jet fuel prices have seen a decline of 7.50 percent for domestic flights. Talking about Delhi Airport first, the prices of jet fuel for domestic flights here have seen an increase of Rs 6,271.5, or 7.55 per cent per kiloliter. After which the price has increased to Rs 89,344.05 per kiloliter. At the same time, the price of jet fuel for domestic flights in Kolkata has increased by 6,473.52 i.e. 7.52 percent and the price has been Rs 92,526.09 per kiloliter. Mumbai has seen an increase of Rs 5,946.5 i.e. 7.66 percent and Chennai 6,602.49 i.e. 7.67 percent. After which the prices of jet fuel in both these metros have increased to Rs 83,549.23 and Rs 92,705.74 per kiloliter respectively.
Jet fuel for international flights
On the other hand, for international flights, the prices of jet fuel have seen a increase of about 6 percent. According to IOCL data, the prices of jet fuel for international flights at Delhi Airport have increased by 6 percent i.e. $ 45.06 and the price has increased to $ 795.32 per kiloliter. While Kolkata has seen 46.13 i.e. 5.85 percent increase and jet fuel prices have increased to $ 834.73 per kiloliter. For international flights in Mumbai and Chennai, the price of jet fuel has increased by $ 44.65, ie 5.95 per cent and 45.33, ie 6.08 per cent respectively. After which the prices of jet fuel in both metros have increased to 795.10 and 790.81 per kiloliter respectively.