News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 14 years ago
Rediff.com  » Business » Jet fuel prices hiked again

Jet fuel prices hiked again

Source: PTI
June 01, 2009 19:27 IST
Get Rediff News in your Inbox:

Jet fuel or ATF prices continued to rise with state-run oil firms hiking rates marginally by Rs 108 per kilolitre. IndianOil, Bharat Petroleum and Hindustan Petroleum raised the aviation turbine fuel price by an average of Rs 108 per kilolitre (kl) effective midnight Monday.

The jet fuel rate will go up by Rs 104 per kilolitre in Delhi to Rs 32,303, an IOC official said.

The increase comes on the back of a 1.8 per cent hike in rates on May 16. On May 1, state-run oil firms marginally reduced the price by one per cent, which had brought the rates in Delhi down to Rs 31,614.51 per kl.

In Mumbai, home to the nation's busiest airport, the rate will go up from Rs 33,138 per kl to Rs 33,261 per kl.

The three firms, which revise jet fuel rates every fortnight based on trends in international markets, had on April 16 increased ATF rates by about 6.7 per cent.

ATF prices had peaked to Rs 71,028.26 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 Rs 40,230 per kl from Rs 40,122 per kl, while in Chennai the price has been raised to Rs 35,821 per kl from Rs 35,724 per kl.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!