Breaking the string of reductions, the state-owned oil firms today raised Aviation Turbine Fuel (ATF) prices marginally by an average Rs 158 per kilolitre.
ATF would cost Rs 27,275 per kl in Delhi from midnight tonight against the earlier Rs 27,106 per kl, an Indian Oil Corporation official said. Prior to this, the public sector oil firms had reduced jet fuel prices 11 times since September last year. The oil firms had raised ATF prices by 3.3 per cent only once, on January 16.
In Mumbai, home to country’s busiest airport, ATF rates were raised to Rs 28,023 per kl from Rs 27,861 per kl.
The increase in jet fuel prices announced today varied from airport to airport depending on local taxes and levies and an on average worked out to be Rs 158 per kl.
ATF prices had peaked to Rs 71,028.26 per kl (in Delhi) last August on international crude prices touching a historic high of $147 a barrel. But they have since been slashed every month till October and twice in November. Even after the latest price rise, jet fuel rates are lower than diesel rates.
Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum revise ATF rates on the 1st and 16th of every month, based on the average international jet fuel rates in the preceding fortnight.
