New Delhi: State-owned oil firms on Tuesday hiked jet fuel prices by a massive 6 per cent, the 11th rate increase in six months.
Aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 3,377.09 per kilolitre (kl), or 6.14 per cent, to Rs 58,310.45 per kl with effect from midnight tonight, an official of Indian Oil Corp, the nation's largest fuel retailer, said.
The hike comes on the back of three consecutive massive hikes effected since February this year, when crude oil spiked to over USD 100 per barrel.
Wednesday's hike is the 11th straight increase in jet fuel prices since October, 2010, when international crude oil prices started soaring.
The ATF price in Delhi on October 1, 2010 was Rs 40,728.52 per kl. The rates have been increased by Rs 17,581.93 per kl, or 43.16 per cent, in 11 tranches since then.
Jet fuel will cost Rs 59 031.39 per kl in Mumbai, home to the nation's busiest airport, from tomorrow, as against Rs 55,500.06 per kl currently.
15/03/11 PTI/Times of India
To Read the News in full at Source, Click the Headline
0 comments:
Post a Comment