After eight successive price cuts, state-run oil firms on Thursday raised jet fuel prices by 3.4 per cent reflecting increase in international oil prices.The Aviation turbine fuel (ATF) price in Delhi will rise by Rs 1,039.1 to Rs 31,496.31 per kl from midnight tonight, an Indian Oil Corporation [Get Quote] official said.
On December 31, the state-owned oil companies had cut ATF prices by 6.8 per cent.
In Mumbai, the home for nation's busiest airport, ATF price will rise by Rs 1,068.87 to Rs 32,447.65 per kl.
The ATF rates had soared to an all time high of Rs 71,028.26 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 December 1, 16 and 31 - based on the average imported price in the preceding fortnight.
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