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Aviation turbine fuel prices hiked

Special Correspondent

Airfares to go up

NEW DELHI: The public sector oil marketing companies (OMCs) on Tuesday raised the prices of Aviation Turbine Fuel (ATF) by 3.5 per cent, in line with the rise in international oil prices. This is likely to trigger a marginal increase in airfares.

Jet fuel prices in Delhi were raised from Rs.36,149.04 per kilolitre to Rs.37,421.94 while in Mumbai the prices went up by Rs. 1,325.94 per kl to Rs. 38,690.39 per kl. The price for foreign jets, which are not liable to payment of local sales tax, went up by 9.8 per cent to $707.12 per kl in Delhi and by $63.2 per kl to $701.36 per kl in Mumbai. Airfares are set to go up by Rs. 150, with most of the major airlines likely to hike the fuel surcharge by the same amount.

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