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| ATF prices raised by Rs 108 per kilolitre |
| Press Trust of India / New Delhi May 31, 2009, 18:19 IST |
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Jet fuel or aviation turbine fuel (ATF) prices continued to rise with state-run oil firms today hiking the rates marginally by Rs 108 per kilolitre.
Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation raised the ATF price by an average of Rs 108 per kilolitre (kl) effective midnight tonight.
The jet fuel rate will go up by Rs 104 per kl 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 1 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.
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