Oil companies hike jet fuel prices

New Delhi: After a one-off reduction, state-owned oil companies on Monday hiked jet fuel prices by a steep 3.8 percent in line.
The price of aviation turbine fuel (ATF), or jet fuel, at Delhi's T3 airport was raised by Rs 2,845 per kilolitre (kl), or 3.8 percent, to Rs 61,115 per kl with effect from midnight tonight, an official of Indian Oil Corp (IOC), said.
The hike comes on back of a marginally 0.5 percent cut in rates to Rs 58,271 per kl effected from October 16.
Prior to that, the nation's largest fuel retailer, IOC, and other state retailers, Hindustan Petroleum and Bharat Petroleum, had on October 1 and September 16 and raised jet fuel prices by 2.5 percent and 1.5 percent respectively, mainly because imports had become costlier due to fall in rupee against the US dollar.
ATF in Mumbai, home to the nation's busiest airport, will cost Rs 2,950 per kl more at Rs 61,984 per kl from Tuesday as against the old price of Rs 59,021 per kl.
31/10/11 ZeeNews

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Categories: Indian Aviation- In General Nov 2011