Very good news has come early in the morning on Saturday, June 1. This news can be especially good for those lakhs and crores of people who are thinking of traveling by plane, or are feeling discouraged due to expensive flights. In fact, a reduction in air fare can be seen after the elections. Yes, this is not a joke. On June 1, oil companies have drastically reduced the prices of jet fuel i.e. Air Turbine Fuel (ATF).
The special thing is that the fuel used to fly airplanes has come down to less than Rs 1 lakh for domestic routes in Delhi. On the other hand, a big reduction in fuel prices has been seen for planes flying on international routes in the four metros of the country. Due to the reduction in ATF prices, the costing of airlines is reduced significantly and it is easy to make air fare cheaper.
How much has fuel become cheaper for domestic routes?
There has been a significant reduction in the prices of jet fuel for domestic routes. In the country’s capital Delhi, the prices have come down to less than one lakh kilolitres. On June 1, the price of ATF in Delhi has come down by Rs 6,673.87 and the prices have come down to Rs 94,969.01. In Kolkata, a bigger reduction has been seen than in Delhi. In the largest metropolis in the eastern part of the country, the price of jet fuel has come down by Rs 6,868.13 and the prices have come down to Rs 1,03,715.
Jet fuel prices are lowest in the country’s financial capital Mumbai. However, on June 1, the ATF price here has come down by Rs 6,339.43 per kiloliter. Due to which the price has become Rs 88,834.27 per kiloliter. The biggest reduction in the price of jet fuel has been seen in Chennai, the largest metropolis of South India. According to IOCL, the price of jet fuel here has come down by Rs 7,044.95 per kiloliter and the price has come down to Rs 98,557.14 per liter. At present, the price of jet fuel in all the four metros of the country, except Kolkata, is below Rs 1 lakh per kiloliter.
Jet fuel prices for domestic flights
| Metropolitan | ATF Price in May (Rs/kl) | ATF Price in June (Rs/kl) | How much did it become cheaper (Rs/kilolitre) |
| Delhi | 1,01,642.88 | 94,969.01 | 6,673.87 |
| Kolkata | 1,10,583.13 | 1,03,715 | 6,868.13 |
| Mumbai | 95,173.70 | 88,834.27 | 6,339.43 |
| Chennai | 1,05,602.09 | 98,557.14 | 7,044.95 |
Fuel also became cheaper for international routes
On the other hand, there has been a reduction in the prices of jet fuel for international routes as well. This reduction is not small but quite big. Jet fuel has become cheaper by $51.1 per kilolitre for international flights in the four metros of the country. After which the price in the country’s capital Delhi has come down to $870.73 per kilolitre. Apart from this, the prices in Kolkata have come down to $909.66. This is the only metropolis in the country where the prices are still above $900 per kilolitre. In Mumbai, it has come down to $869.94 and Chennai to $866.58 per kilolitre.
Jet fuel prices for international flights
| Metropolitan | ATF Price in May ($/kl) | ATF Price in June ($/kl) | How much did it become cheaper (dollar/kilolitre) |
| Delhi | 921.83 | 870.73 | 51.1 |
| Kolkata | 960.76 | 909.66 | 51.1 |
| Mumbai | 921.04 | 869.94 | 51.1 |
| Chennai | 917.68 | 866.58 | 51.1 |
Will air travel become cheaper?
By the way, air travel has been getting expensive for many months. There are different reasons behind this. In which the last Saaf Go First was grounded. On the other hand, airlines have fewer planes. Due to the continuous increase in the number of air passengers, there has been a lot of pressure on the airlines. Jet fuel prices can help a little in reducing this pressure. Earlier it was being estimated that there could be an increase in air fare. Due to a big drop in jet fuel prices, air fare can also become cheaper.
