Jet fuel prices hiked by 3.6%

New Delhi: State-owned oil firms today hiked jet fuel prices by a huge 3.6% to Rs 46,876.58 per kl, making it the fifth straight increase in rates since October when international crude oil prices started climbing.
Aviation Turbine Fuel (ATF) rates in Delhi have been hiked by Rs 1,636.58 per kilolitre, or 3.6%, with effect from midight tonight, an official of Indian Oil Corp (IOC), the nation's largest fuel retailer, said.
The ATF price in Delhi on October 1 was Rs 40,728.52 per kl. The rates were increased by 15% in five tranches since then, in tandem with a surge in global oil prices to $90 per barrel mark.
Jet fuel, will cost Rs 47084.40 per kl in Mumbai, home to the nation's busiest airport, from tomorrow, as against Rs 45,379.62 per kl currently.
In Kolkata, the ATF price has been hiked by Rs 1,731.84 to Rs 54183.98 per kl, while in Chennai, it will cost Rs 50269.99 per kl as against Rs 48,496.70 per kl currently.
15/12/10 PTI/Times of India

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Categories: Indian Aviation- In General Dec 2010