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Jet Fuel Price: A good news has emerged for those traveling outside India. In fact, oil marketing companies have reduced the prices of Aviation Turbine Fuel (ATF) used for international flights on a large scale. In the review of the month of June, the prices of jet fuel for international airlines have reduced by about 27 percent.

It is believed that due to reduction in fuel prices, the operating costs of airlines will reduce and its positive impact can also be seen on the prices of international flights. However, there has been no change in the prices of aviation turbine fuel for domestic flights.

How much cut in jet fuel prices?

According to the new rates, jet fuel prices for foreign airlines have been reduced by more than $400 per kilolitre. In the last few months, due to fluctuations in fuel prices in the global market, the cost of airlines was continuously increasing. Now this big fall in prices will provide relief to international aviation companies.

No relief to domestic aviation companies

Let us tell you that for international airlines in May aviation turbine fuel Prices were increased by more than 5 percent. Before that, in April also, due to the rise in the global energy market, the prices of jet fuel had increased significantly. In such a situation, the cuts made in June have brought relief to the airlines. While fuel for international flights has become cheaper, ATF prices for domestic airlines have been kept stable for the second consecutive month. Domestic aviation companies are still purchasing fuel at the rates fixed in April. This has not brought any relief in the cost of domestic airlines.

Will foreign air travel be cheaper?

Aviation experts say that jet fuel aircraft company It forms a major part of the total operational cost. However, the cost of international flights may reduce due to cheaper fuel. But ticket prices also depend on many other factors like demand, seat availability and global conditions. So it would be a bit premature to expect tickets to become cheaper immediately.

If fuel prices remain soft in the coming months, airlines may offer cheaper tickets to passengers due to competition. With this, ticket booking can become much more affordable than before for people traveling abroad.