New
Delhi: State-owned
oil companies today hiked jet fuel price by about 3 per cent, the third time
they have increased rates this month.
The
price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs
1,850.96 per kilolitre (kl), or 2.8 per cent, to Rs 67,800.30 per kl with effect
from midnight tonight, Indian Oil Corp, making the announcement on behalf of the
industry, said.
The
price increase comes on the back of jump in rates effected from March 1 and
March 16 because of firming international oil prices. ATF rates had been
increased by 3.2 per cent from March 1 and by Rs 1,298.88 per kl from March
16.
In
Mumbai, jet fuel will cost Rs 68,806.82 per kl from tomorrow, against the
current rate of Rs 66,989.74 per kl.
Jet
fuel constitutes over 40 per cent of an airline's operating cost and the hike in
prices will add...
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