Aviation fuel prices raised 3.6 percent
December 15th, 2010 - 9:51 pm ICT by IANSNew Delhi, Dec 15 (IANS) State-owned oil marketing company Indian Oil Corporation (IOC) Wednesday raised aviation turbine fuel (ATF) prices by 3.6 percent, taking them up by Rs.1,636.58 a kilolitre to Rs.46,876.58 in the national capital.The new rates would be applicable from Thursday. The hike comes against the backdrop of a decision taken by the three state-run oil firms on Tuesday to hike prices of petrol by nearly Rs.3 per litre.
This is the fifth straight ATF rate hike since October, when the international oil prices showed an upward trajectory.
Crude oil prices, which were $79 a barrel during June, soared to a two-year high of about $90 a barrel Tuesday, before settling at $88.5 per barrel.
After the hike, AFT in Mumbai will cost Rs.47,084.40 per kilolitre against Rs.45,379.62, while in Kolkata, the price has been hiked by Rs 1,731.84 to Rs 54,183.98 per kilolitre. In Chennai, ATF will now cost Rs. 50,269.99 per kilolitre as against the earlier price of Rs 48,496.70
State-owned oil retailers IOC, HPCL and BPCL revise ATF prices based on the average international prices, on the 1st and 16th of every month.
ATF prices were last hiked on Dec 1 by 1.4 percent.
- IOC again hikes ATF prices by 2 percent - Dec 31, 2010
- Indian Oil Corporation raises jet fuel prices by 4.5 percent - Jan 31, 2011
- Aviation fuel prices raised - Apr 15, 2011
- Petrol prices to rise by Rs 2.54 per litre from midnight tonight - Jan 15, 2011
- BJP demands rollback of petrol price hike - Jan 16, 2011
- BPCL hikes petrol price by Rs. 2.95 per litre - Dec 14, 2010
- Jet fuel price hiked by 3.2 percent - Aug 16, 2012
- Oil firms mulling another price hike - Nov 01, 2011
- Jet fuel price hiked by 4.5 percent - Aug 01, 2012
- Hike likely in diesel, LPG, kerosene prices - Sep 05, 2012
- Forced to hike petrol prices, say government, oil firms - Nov 04, 2011
- Hike in jet fuel price to jack up air fares: Patel - Jan 17, 2011
- IOC reports quarterly net loss of Rs.7,485.55 crore - Nov 09, 2011
- Jet fuel price cut by Rs.1,974 a kilolitre - Jan 31, 2012
- Pranab backs hike, but hopes Trinamool's complaints will be resolved - Nov 05, 2011
Tags: atf, aviation fuel prices, backdrop, crude oil prices, hpcl, indian oil, indian oil corporation, international oil prices, ioc, litre, marketing company, New Delhi, oil firms, petrol, rate hike, rs 1, turbine fuel, upward trajectory