₹39,069.87 per kilolitre in New Delhi last week, according to Indian Oil Corp. Ltd (IOCL). This is the second straight increase in jet fuel prices this month, after rates were hiked by a record 56.5% in the national capital on 1 June.The sharp increase in jet fuel prices is despite a more than 35% drop in global crude prices in the past year, according to Bloomberg data.
Crude oil prices closed at $42.19 a barrel on Friday.“Indian airlines spend at least 40-50% more on ATF prices as compared to several of their contemporaries across the world.