State Run Oil Firms Raise Jet Fuel Price By Over 4 Per Cent

Oil companies managed by the State today raised the price of jet fuel with a mass of 4 percent, the ninth consecutive rate since October.

Aviation Turbine Fuel (ATF) has hiked interest rates RS Delhi. 2104 to KL, or 4.12 percent, RS. 53 538 per kl with effect from midnight tonight, officially the Indian Oil Corporation, the largest fuel retailer in the country said.

The visit, the second largest increase in a year, just aft of another 4.5 percent jump in rates occurs from February 1. "The trip was made necessary because of the syringe into the international oil rates, the official said.

It is the ninth consecutive increase in gasoline prices since October 2010, when international prices of crude oil has started booming.

ATF prices from 1 October in Delhi was Rs. Fri 40,728.52 kl. Prices have increased to Rs. Fri kl 12,334.48, or 30.28 per cent in nine installments, then, along with rising world oil prices.

Jet fuel will cost Rs 53,538 per KL in Mumbai, home to the busiest airport in the country, starting tomorrow, against Rs 51,332.82 per yet.

Unable to get immediate comment from the airlines on the impact of higher prices later on fares for passengers.

Fuel costs account for 40 percent of operating costs for airlines.

Indian Oil Corp and a sister of the public sector Bharat Petroleum and Hindustan Petroleum retailers revise jet fuel prices of 1 and 16 of each month, based on the average international price during the previous week.