Aviation fuel prices hiked again
June 30th, 2009 - 6:59 pm ICT by IANSNew Delhi, June 30 (IANS) State-run oil companies Tuesday raised jet fuel prices by over 6 percent, the fourth hike in two months, after crude oil price at the global market reached a seven-month high of $72 per barrel.
The aviation fuel would now cost Rs.2,307 more per kilolitre in Delhi at Rs.38,558. In Mumbai, the fuel price will go up from Rs.37,367 per kiloliter to Rs.39,789.
The new rates will be effective from Tuesday midnight.
The three state retailers - Indian Oil Corp, Hindustan Petroleum and Bharat Petroleum - had hiked jet fuel prices 12 percent June 15.
Aviation turbine fuel (ATF) had touched its peak in August last year at Rs.71,028 per kiloliter in Delhi when international crude prices touched a record high of $147 a barrel.
ATF constitutes a major chunk of the airline’s operational costs, about 35 percent.
With the fuel now again becoming dearer, airlines will likely increase fares to meet the rising operational expenses, an airline official said.
- Indian Oil Corporation raises jet fuel prices by 4.5 percent - Jan 31, 2011
- Jet fuel price cut by Rs.622 a kilolitre - Dec 31, 2011
- Jet fuel price cut by Rs.1,974 a kilolitre - Jan 31, 2012
- Aviation fuel prices raised again, air fares likely to rise - Jun 15, 2009
- Jet fuel price cut by Rs.350.70 a kilolitre - Feb 16, 2012
- Aviation fuel prices raised 3.6 percent - Dec 15, 2010
- Aviation fuel prices slashed, but fares unlikely to be cut - Jul 15, 2009
- Oil firms increase jet fuel price by 3.70 percent - Nov 30, 2011
- Jet Airways hikes domestic fares by Rs.400 - Jun 17, 2009
- IOC again hikes ATF prices by 2 percent - Dec 31, 2010
- Oil firms increase jet fuel price by two percent - Nov 15, 2011
- Oil firms cut jet fuel prices by 1.38 percent (Lead) - Dec 15, 2011
- Aviation stocks rally after direct jet fuel import allowed - Feb 07, 2012
- Aviation fuel prices raised - Apr 15, 2011
- Oil firms cut jet fuel prices by 2.5 percent - Feb 15, 2010
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