Oil firms increase jet fuel price by two percentNovember 15th, 2011 - 11:16 pm ICT by IANS
New Delhi, Nov 15 (IANS) State-owned oil marketing companies (OMCs) Tuesday increased the prices of aviation turbine fuel (ATF) by two percent, effective from Nov 16.
The ATF at Delhi’s IGI airport goes up by 1.95 percent at Rs.62,310.33 per kilo litre from Rs.61,115.36.
The recent hike is the second such increase in November. The OMCs had increased jet fuel prices by 3.8 percent on Nov 1.
The latest hike is expected to further burden the industry, which has seen many airlines reporting losses owing to the high cost of jet fuel.
The ATF cost accounts for nearly 50 percent of the operating cost of any airline. Jet fuel prices also vary from state to state which levy sales tax on the ATF in the region of 22 to 23 percent.
The OMCs revise ATF prices on every 1st and 16th of the month based on the average international crude oil price during the fortnight.
- Oil firms increase jet fuel price by 3.70 percent - Nov 30, 2011
- Oil firms cut jet fuel prices by 1.38 percent (Lead) - Dec 15, 2011
- Jet fuel price cut by Rs.622 a kilolitre - Dec 31, 2011
- Jet fuel price hiked by 4.5 percent - Aug 01, 2012
- Jet fuel price cut by Rs.1,974 a kilolitre - Jan 31, 2012
- Jet fuel price cut by Rs.350.70 a kilolitre - Feb 16, 2012
- High taxes reason behind rising jet fuel: Ravi - Nov 30, 2011
- Jet fuel price hiked by 3.2 percent - Aug 16, 2012
- Air India yet to decide on direct ATF import: Ajit Singh - Aug 28, 2012
- Airlines should tie-up with suppliers to import jet fuel - Feb 16, 2012
- Government notifies direct fuel import by airlines - Feb 22, 2012
- Hike in jet fuel price to jack up air fares: Patel - Jan 17, 2011
- Government approves direct jet fuel import, Air India debt plan (Lead) - Feb 07, 2012
- Aviation stocks rally after direct jet fuel import allowed - Feb 07, 2012
- Airfare to rise along with fuel price, says Praful Patel - Jan 18, 2011
Tags: airline, airlines, atf, aviation, crude oil price, fortnight, international crude oil, jet fuel price, jet fuel prices, levy, litre, losses, marketing companies, New Delhi, nov 1, oil firms, omcs, sales tax, turbine fuel