New Delhi: After eight successive price cuts, state-run oil firms today raised jet fuel prices by 3.4% reflecting increase in international oil prices.
Aviation turbine fuel (ATF) price in Delhi will rise by Rs1,039.1 to Rs31,496.31 per kl from midnight tonight, an Indian Oil Corporation official said.
On 31 December, the state-owned oil companies had cut ATF prices by 6.8%.
In Mumbai, the home for nation’s busiest airport, ATF price will rise by Rs1,068.87 to Rs32,447.65 per kl.
The ATF rates had soared to an all time high of Rs71,028.26 per kl (in Delhi) in August last year. With international oil prices cooling since, the fuel prices have been slashed in subsequent months.
Last month, Indian Oil, Bharat Petroleum and Hindustan Petroleum had revised jet fuel prices thrice on 1, 16 and 31 December, based on the average imported price in the preceding fortnight.