Brace yourself for higher airfares as ATF price increases 6%

State oil marketing companies on Sunday, increased aviation turbine fuel prices by 6%, the third consecutive monthly price hike.

The revision adds to the cost pressure already being borne by the carriers and could lead to rise in fares.

A kilolitre of jet fuel will now cost Rs 53,045 in Delhi in October, up 6% from the September price. On a year-to-date basis, jet fuel price is just around 1% higher but it is 13% higher on a year-on-year basis.

"The costs have gone up significantly so this will see an impact on pricing soon," said a senior executive of