Jet fuel rates raised by Rs 273 per kl

LD ATF

New Delhi, Apr 30 (PTI) State-owned oil retailers Friday
raised jet fuel, or ATF prices, by Rs 273 per kilolitre,
making it the fifth straight increase since March.
Aviation Turbine Fuel (ATF) rates in Delhi have been
raised by Rs 272.77, or 0.6 per cent, to Rs 42,452.02 per
kilolitre with effect from midnight Friday night, an official
of the Indian Oil Corp, the nation's largest oil firm, said.
Jet fuel constitutes roughly 40 per cent of the operating
cost of an airline and Friday's increase in fuel rates would
put a nominal, but extra burden on Indian carriers.
It was, however, not immediately clear if airlines will
pass this burden to passengers.
ATF prices have been raised by 11.7 per cent in five
installments since March one. Jet fuel price in Delhi was Rs
37,982.22 per kl in February.
Friday's hike comes on the back of a 3.2 per cent
increase on April 16 when prices in Delhi were raised to Rs
42,179.25 per kl.
In Mumbai, the prices were Friday raised by Rs 284.13 to
Rs 43,823.67 per kl.
IOC and its sister PSU fuel retailers Hindustan Petroleum
and Bharat Petroleum revise jet fuel prices on the first and
the 16th of every month based on the average global oil price
in the previous fortnight. PTI ANZ
MRD


The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.



Delete & Prev | Delete & Next