PSU oil firms hike ATF prices by 2.4 pc

New Delhi: For the second time this month, state-owned oil firms on Sunday hiked jet fuel prices, this time by 2.4 per cent following a spurt in international oil rates.
Aviation Turbine Fuel prices in Delhi will be increased by Rs 948 per kilolitre to Rs 40,423 per kl effective midnight tonight, an official of the Indian Oil Corp (IOC), the nation's largest oil firm, said.The comes on back of over nine per cent hike in jet fuel prices on November 1.
ATF rates in Mumbai, the home to nation's busiest airport, will go up by Rs 988 to Rs 41,710 per kl.
IOC, Bharat Petroleum and Hindustan Petroleum had for three consecutive fortnights reduced ATF rates mostly because international oil prices had eased and rupee strengthened against the US dollar.
15/11/09 PTI/Economic Times

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Categories: Indian Aviation- In General Nov 2009