₹39,069.87 per kiloliter in New Delhi last week, according to Indian Oil Corporation Limited (IOCL). This is the second straight increase in ATF price in June after rates were hiked by a record 56.5% in the national capital on 1 June.After price revision on 16 June, ATF prices at major cities like Kolkata, Mumbai and Chennai stood at ₹44,024.10, ₹38,565.06, and ₹40,239.63, respectively, according to IOCL data.Meanwhile, global crude oil prices have fallen by about 35.29% during the last 12 months, 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.