Jet fuel price increases by 3.4%

New Delhi: The state-owned oil marketing companies (OMC) on Thursday increased the price of jet fuel by 3.4%. This is the first increase after the fuel price was slashed eight times in the last two months.
The Aviation turbine fuel (ATF) price in Delhi will now cost Rs 31,496.31/kilolitre (kl), a rise of Rs 1,039.1/kl from the previous price. In Mumbai, ATF price will increase by Rs 1,068.87/ kl to Rs 32,447.65/kl, an Indian Oil Corporation (IOC) official said.
The ATF rates had soared to an all time high of Rs 71,028.26 per kl in August last year when the international crude prices were hovering around $140/barrel mark. With international crude oil prices cooling since, the fuel prices have been slashed in subsequent months.
In December alone, Indian Oil (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had revised jet fuel prices. On December 31, last time when the jet fuel prices were revised, the state-owned oil companies had slashed ATF prices by 6.8%.
15/01/09 Vikas/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Indian Aviation- In General Jan 2009