Sources: 
Jet fuel prices in Delhi have been reduced by Rs 2,414.25 per kilolitre, marking the third consecutive monthly cut and bringing the price down to Rs 83,072.55 per kl.
This 2.82% reduction follows a 4.4% cut in May and a 6.15% drop in April, effectively reversing earlier price hikes in early 2024.
"The price cut is expected to ease cost pressures on commercial airlines, where fuel accounts for nearly 40 percent of operating expenses," according to industry sources.
The sustained decline in jet fuel prices is attributed to falling global crude oil rates, which have influenced state-owned oil retailers to adjust prices accordingly.
This easing of fuel costs provides significant relief to airlines and the hospitality sector, potentially improving operational margins amid challenging economic conditions.
The reductions align with broader trends in the energy market, where other fuel prices, such as commercial LPG, have also seen cuts due to lower crude prices.
"This marks the third consecutive monthly reduction amid a decline in global oil prices," highlighting the ongoing trend of easing fuel expenses.
With fuel costs constituting a major portion of airline expenses, these price cuts could translate into lower ticket prices or improved profitability for carriers.
Overall, the jet fuel price drop in Delhi signals a positive development for the aviation industry, reflecting global market dynamics and offering operational cost relief.
Sources: Jet fuel prices in Delhi have fallen by Rs 2,414.25 per kilolitre for the third consecutive month, easing airline operating costs. The latest 2.82% cut follows previous reductions of 4.4% in May and 6.15% in April, lowering the price to Rs 83,072.55 per kl amid global oil price declines.
