Passengers travelling by the nation's airliners could now have to pay increased fares as the country's oil majors have decided to hike aviation turbine fuel (ATF) prices by 8 per cent to a maximum of Rs 2,525.43 per kilolitre.
The increase in prices effected from May 1 entails an increase of Rs 2,477.12 per kilolitre in Delhi. The price of ATF has increased to Rs 33,035.51 from Rs 30,608.39, oil company sources said.
ATF prices have spiked by Rs 2,477.12 in Kolkata. It would now be priced at Rs 37,258.92 compared to its earlier rate of Rs 34,811.80, while the price of the fuel increased by Rs 2,501.20 in Mumbai from the earlier figure of Rs 31,388.03, sources said.
Similarly, ATF prices rose by Rs 2,525.43 to Rs 35,984.12 from its earlier price of Rs 33,458.69 in Chennai, sources said.
ATF prices shot high after crude oil futures spiralled to a record 58.28 Dollars per barrel on the New York Mercantile Exchanges on April 4 last, considered to be the highest since 1983.