BUSINESS

Aviation fuel price hiked by Rs 1,600/kl

Source:PTI
August 31, 2005 18:34 IST
State oil firms on Wednesday raised jet fuel (aviation turbine fuel) price by 5 per cent in line with the spike in international oil prices, which have touched a record $71 US a barrel.

Aviation turbine fuel will be costlier by about Rs 1,600 a kilolitre with effect from midnight tonight, said an official of the Indian Oil Corporation, country's largest oil firm.

While petrol and diesel prices have remained frozen for over two months now, ATF prices were last revised on August 1 when they were raised by 1.8 per cent to Rs 32,321.65 per kilolitre (for domestic airlines) in Delhi.

"Jet fuel prices for domestic airlines are being hiked by around Rs 1,600 per kilolitre plus taxes," the official said.

For international airlines, which do not pay local sales tax, the hike would be in the range of $35 to 40 US dollars per kilolitre.

Source: PTI
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