Jet fuel prices hiked by 4.5%

New Delhi: With firming of oil prices in the international market, jet fuel or ATF rates were today hiked by a steep 4.5%, the second increase in a month.
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 2,797.41 per kilolitre (kl), or 4.5%, to Rs 65,005.59, according to Indian Oil Corp, the nation's largest oil firm.
The hike comes on back of a 1.7% or Rs 1,039.1 per kl hike in rates effected from July 16.
The twin increases snapped a six fortnight trend of reduction in rates, including a steep 5% (Rs 3,260 per kl) cut effected from June 16 and about 2% (Rs 1,241 per kl) fall in prices from July 1.
01/08/12 PTI/Business Standard

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Categories: Indian Aviation- In General Aug 2012