New Delhi: Jet fuel or ATF prices were Wednesday hiked by over 2.7 percent, the second increase in rates in one month.
Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 2,036.59 per kilolitre, or 2.74 percent, to Rs 76,241.33 per kl, according to Bharat Petroleum Corp Ltd (BPCL).
The increase follows a marginal Rs 597.48 per kl or 0.8 percent hike in rates effected from December 1.
ATF prices had touched a life time high of Rs 77,089.42 per kl in October following five consecutive increases since June as rupee depreciated against the US dollar, making oil imports costlier.
However, the rupee's appreciating thereafter helped trim cost, leading to a steep 4.5 percent cut in prices in November. However, rates have been increased in subsequent month as rupee value has dipped marginally.
01/01/14 ZeeNews
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Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 2,036.59 per kilolitre, or 2.74 percent, to Rs 76,241.33 per kl, according to Bharat Petroleum Corp Ltd (BPCL).
The increase follows a marginal Rs 597.48 per kl or 0.8 percent hike in rates effected from December 1.
ATF prices had touched a life time high of Rs 77,089.42 per kl in October following five consecutive increases since June as rupee depreciated against the US dollar, making oil imports costlier.
However, the rupee's appreciating thereafter helped trim cost, leading to a steep 4.5 percent cut in prices in November. However, rates have been increased in subsequent month as rupee value has dipped marginally.
01/01/14 ZeeNews
