In India, Petrol costs more than Jet Fuel
After reading this, I wonder whether people will start investing in aircrafts for the long run!
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MUMBAI: Jet fuel is cheaper than petrol now, but airlines do not appear to be in any mood to cut the fuel surcharge on tickets. With jet fuel or aviation turbine fuel (ATF) prices dropping by over 2.9% and petrol prices rising by Rs 5 a litre, it's cheaper now to fuel a jet aircraft than it is to fuel your car. On Monday, the cost per litre of ATF in Delhi was Rs 58.8, while that of petrol was Rs 63.4. In Mumbai the gap between prices of aircraft and car fuel was wider than that of Delhi with ATF costing Rs 59.6 per litre while petrol stood at Rs 68.3 a litre.
The ATF prices went down on Sunday, after international oil rates slumped bringing about the first reduction in ATF costs this year. In Delhi, the ATF price fell by Rs 1,766/kilolitre, while in Mumbai the fall was Rs 1,827. The 3% fall in ATF prices is not going to translate into reduction in fuel surcharge. The reduction in ATF price has come after 14 successive hikes since October, 2010, when international crude oil prices started soaring.
But there is no respite for the passenger. If you are planning a last-minute summer holiday and have not booked your airline tickets yet, then the only good news is that fuel surcharge will not shoot up till the month end. Airfare still be on the higher side with the peak season demand influencing the prices.
"When ATF prices go up in succession, we raise the fuel surcharge after a few hikes,'' said an airline official, requesting anonymity. "Now, it has gone down only by 2.9%, which is too small a drop to effect a change in fuel surcharge,'' he added. Unfortunately, for the passenger there will be no respite. In short, the savings will be pocketed by the airline. "The drop maybe only 2.9%, but considering the quantity of fuel an airline's entire fleet guzzles per month, the savings will not be negligible,'' said an aviation analyst. It's not the first time that jet fuel became cheaper than car fuel. Only two months ago, between March 1 and 15, ATF was Rs 55.5 per litre in Mumbai, while petrol price was Rs 63. In Delhi too, ATF was priced Rs 54.93, while petrol stood at Rs 58.37.
blame it all on the effing tax
The price in the UK is nearly 2.0 Euros per litre and Britain is still an oil producer :O(
would that reduce the petrol price MBK ;)
Look B2D you won the EPL.. Champion Leagues next..:)
The average price per litre of fuel in Romania is now around 1.14 Euros and it is expected to rise soon, because of the new taxation levels introduced by the government. The prices of fuels in Romania has increased by 16 percent in 2010, while the international price of crude oil has only increased by 12 percent in the same year.
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The funny part:
Romania was a major oil producer in the 1930s. Production was 7.2 million tons in 1937, when Romania ranked seventh in the world. Nowadays, Romania still produces some oil, at around 3.5 million tons per year, but this level of production isn't nearly enough to make the country self-sufficient.
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I wonder if my Pink KIA will run on Jet Fuel ?
S-Isale - 2022? World Cup? Related in a convoluted way. Actually, I tend to RESPOND to EPL threads. Can't recall starting any/many?
oh BTW you do post topics related to EPL ..
b2d, you need to calm down :)
Is the summer heat getting to you??
Painther, screw that, for every Indian, Pakistani, Pinoy thread, I'm going to add something UK related. Or maybe even Martian. or maybe anything as far related from Qatar as possible. And if the Mods want to block me, let them go ahead as I've just about had it with this website and the petty, childish bickering that goes on, along with people who believe they are a caste above everyone else.
QATAR produces fuel more than water :) thatz the solid reason duffers;b
b2d is out there scratching his head as to what happened to him today :)
I'm expecting a comment from baldrick2dogs referring it "not relevant to Qatar issues'...and possibly deleted..
or only my threads are on the anvil ?
LP, its regarding the guidelines ;)
Painther,, The oil is imported from Qatar so the Thread is related..:)
They have no issues, painther. It's 'their' country. Everything is fine.
Ethnic groups in Qatar: Qatari (Arab) 20%; other Arab 20%; Indian 20%; Filipino 10%; Nepali 13%; Pakistani 7%; Sri Lankan 5%; other 5%.
...so 5th of Qatar population will surely come up with their 'issues',
lets see how QL admn manage it.
:)
LP coz its more pure than fuel....:(
In Qatar drinking water costs more than fuel. Why is it like this?
In India?????
in QL???
not related to Qatar????
Thread violating QL-GL???
Deleted??
...LOL
In UK Beer cost more than petrol. Should we switch to drinking 4 star?
People will only say: What has India to do with Qatar?
speedysid.. State subsidies?
http://timesofindia.indiatimes.com/business/india-business/Now-petrol-is-dearer-than-jet-fuel/articleshow/8374000.cms