Friday, July 17, 2020

Aviation Turbine Fuel price hiked by 1.5 per cent

New Delhi: Jet fuel or ATF price on Thursday was hiked by 1.5 per cent, the fourth increase in six weeks, while petrol and diesel rates were unchanged. Aviation Turbine Fuel (ATF) price was hiked by Rs 635.47 per kilolitre (kl), or 1.5 per cent, to Rs 42,628.28 per kl in the national capital, according to a price notification by state-owned oil marketing companies.

This is the fourth straight increase in ATF prices in six months.

Rates were hiked by a record 56.6 per cent (Rs 12,126.75 per kl) on June 1, followed by Rs 5,494.5 per kl (16.3 per cent) increase on June 16. Price was hiked by Rs 2,922.94 per kl or 7.48 per cent on July 1.

ATF prices are revised on 1st and 16th of every month based on average of benchmark international price and foreign exchange rate in the preceding fortnight.
16/07/20 PTI/ET
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