By Archana Chaudhary, Bloomberg
Mumbai: Indian Oil Corp., the nation’s largest refiner, and its state-run counterparts, raised jet fuel prices for March by as much as 2%, the second increase in three months.
Prices in Mumbai, home to the nation’s busiest airport, increased Rs635.44 a kiloliter, or 2%, to Rs35,714.43 a kiloliter, Indian Oil said in an e-mailed statement today. That’s equal to $3.05 a gallon.
Indian refiners revise jet fuel prices once a month. Jet fuel prices are the largest component of costs for Indian airline companies such as Jet Airways (India) Ltd.