State-run oil firms on Saturday hiked jet fuel (aviation turbine fuel) prices by 18.5 per cent in step with rising international oil prices. The ATF price charged from airplanes has been raised to Rs 69,227.08 per kilolitre (kl) in Delhi from midnight on Saturday, an Indian Oil [Get Quote] Corp, the nation's largest retailer, said.
Till today it was priced at Rs 58,387.92 per kl in Delhi. In Mumbai, which has the country's busiest airport, jet fuel prices have gone up to Rs 76,625.68 per kl from Rs 64,824.82 per kl.
This is the fourth straight hike in ATF prices since February 2007. State-run fuel retailers IOC, Bharat Petroleum and Hindustan Petroleum revise prices of jet fuel once every month in line with international trend.
Fares will be hiked to avoid crisis: Jet
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