Jet fuel rates raised by Rs 273 per kl

New Delhi: State-owend oil retailers today raised jet fuel, or ATF prices, by Rs 273 per kilolitre, making it the fifth straight increase since March.
Aviation Turbine Fuel (ATF) rates in Delhi have been raised by Rs 272.77, or 0.6 per cent, to Rs 42,452.02 per kilolitre with effect from midnight tonight, an official of the Indian Oil Corp, the nation's largest oil firm, said.
Jet fuel constitutes roughly 40 per cent of the operating cost of an airline and today's increase in fuel rates would put a nominal, but extra burden on Indian carriers.
It was, however, not immediately clear if airlines will pass this burden to passengers.
30/04/10 Press Trust of India

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Categories: Indian Aviation- In General May 2010