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The state oil marketing companies increased jet fuel price by 0.5% from Thursday midnight.
The minor increase comes after a 2% cut in jet fuel price in April. In March 2015, the oil companies had raised the jet fuel price by 8%, the first increase since last July 2014.
The price of jet fuel in Delhi has been increased to Rs 49,609 per kilolitre from Rs 49,338 per kilolitre in April.
Aviation turbine fuel accounts for 30-40% of domestic airlines expenses. Domestic airlines pay more for fuel than their regional peers, owing to state and central levies.
For airlines hit hard by high fuel costs for much of 2013 and the first part of last year, the drop in jet fuel prices will mean lower operating costs and improved profitability.
