Aviation turbine fuel price hiked by 2.75%

The price of aviation turbine fuel has been increased

New Delhi: Jet fuel or Aviation Turbine Fuel (ATF) prices have risen by 2.75 per cent last month on firming international crude prices.

According to a price notification by state-owned fuel retailers, the price of aviation turbine fuel (ATF) in the national capital has been increased by Rs 2,039.63 per kiloliter (KL) or 2.75 per cent to Rs 76,062.04 per kilolitre.

The rate hike follows two rounds of price cuts in December, reflecting a fall in international oil prices in the second half of November and mid-December.

Subsequently, international rates have firmed up, leading to a rise in ATF prices.

The ATF price had touched Rs 80,835.04 per kl in mid-November, before a total cut of Rs 6,812.25 per kl, or 8.4 per cent, on December 1 and 15.

Jet fuel prices are revised on 1st and 16th of every month based on the average price of international benchmarks over the last fortnight.

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