Jet fuel price hiked by 4.3 pc

Written by Agencies | New Delhi, June30: | Updated: Jul 1 2008, 00:45am hrs
In a move that could further make air travel costlier, oil companies on Monday hiked jet fuel prices by 4.3 per cent.

Consequently, aviation turbine fuel (ATF) would cost Rs 69,097.19 a kl in Delhi, while in Mumbai it would cost Rs 71,630.53 a kl effective midnight tonight.

The decision to hike the jet fuel prices comes at a time when the aviation industry is reeling under intense pressure of rising operating costs, and leading airlines like Jet Airways reporting losses running into crores of rupees.

Industry analysts pointed out that the latest hike in ATF prices would force the carriers to hike ticket prices further.