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State run oil firms hikes ATF prices by 12%, airfare may rise |
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State-run oil firms have increased Aviation Turbine Fuel (ATF) prices by over 12 per cent after the rise in crude oil prices in the global market.
According to a senior official of Indian Oil Corporation Limited (IOCL), ATF will now cost Rs 3,949 more in Delhi at Rs 36,252 per kilolitre, while in Mumbai it will rise to Rs 37,367 per kilolitre from Rs 33,260.8.
The three state oil retailers IOCL, Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) had raised jet fuel rates by an average of Rs 108 per kilolitre or 1.8 per cent on May 16, 2009 due to an increased demand for its services.
With this, India`s leading airlines are now likely to raise fares. Jet Airways has already said that the hike was `inevitable` and the Kingfisher Airlines in a statement said it was reviewing the impact of the latest hike and will take a decision shortly.
(Posted on : 17/06/2009)
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| State run oil firms hikes ATF prices by 12%, airfare may rise |
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