The State-owned oil firms on Saturday raised the prices of jet fuel, or Aviation Turbine Fuel, by 2.7 per cent after lowering the rates at the last fortnightly revision on July 16.
The rate in Delhi will go up by Rs.1,078 a kilolitre, or 2.7 per cent, to Rs. 41,177 from midnight on Saturday, Indian Oil Corporation official said. The increase follows a 3.3 per cent, or Rs. 1,390 a kilolitre, reduction in the prices announced on July 16. With this, the ATF cost, which accounts for 40 per cent of the operating cost of an airline, has been cranked up for nine times since March. — PTI