(PTI)
Jet fuel or ATF price was on Wednesday hiked by 2.6 per cent and that of non-subsidised cooking gas LPG by Rs 19 per cylinder on the back of a rise in international rates. Price of Aviation Turbine Fuel (ATF), used to power aeroplanes, was raised by Rs 1,637.25 per kilolitre, or 2.6 per cent, to Rs 64,323.76 per kl in Delhi, according to a price notification of state-owned fuel retailers.
This is the second straight monthly increase in rates warranted due to firming up of prices in the international market.In India, which is dependent on imports to meet 84 per cent of its oil needs, prices of domestic fuels are at par with benchmark international prices.ATF price was on December 1 increased by a marginal Rs 13.88 per kl.
The two back-to-back increases have push jet fuel prices to their highest since June 2019.The hike will add to the burden of cash strapped airlines that are already reeling under pressure from cut-throat competition in the sector.
