ATF price increased by 3.5 pc

New Delhi: After two straight cuts, state-owned oil firms today raised aviation turbine fuel (ATF) price by 3.5 per cent. Jet fuel or ATF rates in Delhi were raised by Rs 1,325 per kilolitre to Rs 39,307 per kl with effect from midnight tonight, an official of the Indian Oil Corp, the nation's largest oil firm, said. The hike comes on back of 5.5 per cent reduction on February 1 and 2.5 per cent cut on February 16.
Jet fuel constitutes roughly 40 per cent of the operating cost of an airline and today's increase in fuel rates would put extra burden on Indian carriers.
28/02/10 Press Trust of India

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Categories: Indian Aviation- In General Mar 2010