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Jet fuel prices hiked again

Jet fuel prices hiked again
PTI
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First Published: Sun, May 31 2009. 05 49 PM IST
Updated: Sun, May 31 2009. 05 49 PM IST
New Delhi: Jet fuel or ATF prices continued to rise with state-run oil firms on Sunday hiking the rates marginally by Rs108 per kilolitre.
Indian Oil, Bharat Petroleum and Hindustan Petroleum raised the aviation turbine fuel (ATF) price by an average of Rs108 per kilolitre (kl) effective midnight tonight.
The jet fuel rate will go up by Rs104 per kilolitre in Delhi to Rs32,303, an IOC official said.
The increase comes on the back of a 1.8% hike in rates on 16 May. On 1 May, state-run oil firms marginally reduced the price by 1%, which had brought the rates in Delhi down to Rs31,614.51 per kl.
In Mumbai, home to the nation’s busiest airport, the rate will go up from Rs33,138 per kl to Rs33,261 per kl.
The three firms, which revise jet fuel rates every fortnight based on trends in international markets, had on 16 April increased ATF rates by about 6.7%.
ATF prices had peaked to Rs071,028.26 per kl (in Delhi) in August last year on international crude prices touching a historic high of $147 a barrel. But subsequently the rates had come down, slashed every month till October and twice a month from November.
Jet fuel in Kolkata will be dearer at Rs40,230 per kl from Rs40,122 per kl, while in Chennai the price has been raised to Rs35,821 per kl from Rs35,724 per kl.
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First Published: Sun, May 31 2009. 05 49 PM IST