ATF fuel prices hiked by Rs 3,400 per kl

Agencies
Posted: Saturday, Oct 31, 2009 at 1642 hrs IST
Updated: Saturday, Oct 31, 2009 at 1642 hrs IST

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New Delhi: State-owned oil firms hiked jet fuel prices by nine per cent to over Rs 39,000 per kilolitre following a spurt in international oil rates.

Aviation Turbine Fuel prices will be increased by an average of Rs 3,400 per kilolitre effective midnight tonight, an official of the Indian Oil Corp (IOC), the nation's largest oil firm, said.

IOC, Bharat Petroleum and Hindustan Petroleum had for three consecutive fortnights reduced ATF rates mostly because international oil prices had eased and rupee strengthened against US dollar.

In three cuts, jet fuel prices in Delhi came down to Rs 36,188.27 per kl from Rs 39,188 at the beginning of September.

The hike announced would negate all the cuts and ATF prices would be back to their September levels.

The official said the new rates at the four metros were being worked out and will be announced later.

The three oil firms revise jet fuel prices on the first and the 16th day of every month based on the average global oil price in the previous fortnight.

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Comments

» aircraft fuel

Posted by xyz on 2009-11-01 08:42:48.944935+05:30
there is a tremendous increse in private airlines and number of flights have gone up astronomically leading to a huge demand of aircraft fuel causing a periodic rise in aircraft fuel prices.THERE CANNOT BE A SEPARATE ATF PRICE FOR AIR INDIA

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» aircraft fuel---heavy demand

Posted by observor on 2009-11-01 08:30:15.096181+05:30
there are too many private airlines operating too many flights leading to huge demand for aircraft fuel leading to periodic pricwe rise

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» too many airlines

Posted by AN OBSERVOR on 2009-11-01 08:13:55.661445+05:30
THERE ARE TOO MANY PRIVATE AIRLINES OPERATING TOO MANY FLIGHTS--THIS IS CAUSING A WAGE CONSUMPTION OF AIRCRAFT FUEL LEADING TO PRICE RISE

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ATF fuel prices hiked by Rs 3,400 per kl

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