Indian state-run refiners have raised jet fuel prices for the first half of October by 5.8pc from two weeks earlier, as Singapore market assessments rose to a near three-year high and monthly passenger traffic increased.
Prices of jet fuel for domestic airlines in Delhi have been set at 72,582 rupees/kilolitre ($155.16/bl) for the first half of this month, up from Rs68,609/kl for the previous two-week period, according to state-owned refiner IOC. Prices for domestic airlines on international routes in Delhi rose to $738/kilolitre ($117.14/bl) from $704/kl.
Prices of jet fuel were at $86.25/bl fob Singapore yesterday. They were at $86.55/bl earlier in the week, the highest since November 2018.
Consumption of the aviation fuel rose by about 14pc from a month earlier to 98,000 b/d in September, according to data from state-controlled refiners that account for around 90pc of India's fuel sales. But this was down from 162,000 b/d in pre-pandemic September 2019.
India increased domestic passenger flight capacity by 12.5 percentage points to 85pc last month, as air travel demand picked up after lockdowns eased in the country. India's domestic air traffic rose for a third consecutive month in August.
Domestic airport footfall, which includes both departing and arriving passengers, averaged 459,000/d in September, according to Argus estimates based on daily traffic data published by the country's civil aviation ministry for most of last month.
