Rates of aviation fuel raised

Hike in air fare likely

PRESS TRUST OF INDIA

New Delhi, Apr 30: The 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 tonight, 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 today’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 today raised by Rs 284.13 to Rs 43,823.67 per kl.

Lastupdate on : Fri, 30 Apr 2010 21:30:00 Makkah time
Lastupdate on : Fri, 30 Apr 2010 18:30:00 GMT
Lastupdate on : Sat, 1 May 2010 00:00:00 IST



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