Tuesday, June 16, 2020

Jet Fuel Price Increased Over 16% In Second Hike Within A Fortnight

The price of aviation turbine fuel - or jet fuel - has been hiked for the second time in 15 days
Oil companies on Tuesday increased the price of aviation turbine fuel (ATF) for the second time within a span of 15 days. In Delhi, the price of ATF was increased by Rs 5,494.50 per kilolitre (kl), or 16.3 per cent, to Rs 39,069.87 per kilolitre, according to notifications by state-owned oil marketing companies. Earlier, on June 1, the prices of ATF, or jet fuel, as it is commonly known, were hiked a record 56.5 per cent - by Rs 12,126.75 per kilolitre. Jet fuel prices are revised on 1st and 16th of every month by oil companies, as opposed to petrol and diesel prices which are reviewed on a daily basis.
The hike in jet fuel prices earlier this month followed seven straight reductions. Triggered by a significant slump in global crude oil prices, the cost of jet fuel in the country came down to Rs 21,448.62 per kilolitre last month, from Rs 64,323.76 per kilolitre in February.
16/06/20 NDTV
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