ATF prices hiked by 2.8 per cent

Written by Agencies | New Delhi, July 31: | Updated: Jul 31 2008, 23:24pm hrs
State-run oil companies on Thursday hiked Aviation Turbine Fuel (ATF) prices by 2.8 per cent on the back of a surge in international oil prices.

ATF or jet fuel in Delhi will cost Rs 1,931.07 per kilo litre more from midnight on Thursday night, an Indian Oil official said.

The fuel would be priced at Rs 71,028.26 per kilo litre from August 1 as against Rs 69,097.19 per kl.

In Mumbai, the city that hosts the nation's busiest airport, prices have been hiked to Rs 73,673.56 as against Rs 71,630.53 per kl.

This is the second state increase in ATF prices, which are revised once a month based on monthly average of global oil prices.

The fuel will cost USD 41.68 per kl more for international airlines refuelling at Delhi. The new rates for ATF for foreign lines who do not pay local sales tax, will be USD 1,290.58 per kl.