Saturday, September 1, 2012

NEWS| ATF prices raised by steep 7.6 pc

Jet fuel price was today hiked by a steep 7.6 per cent, the biggest ever increase that took ATF price to all-time high of Rs 72,282 per kilolitre.
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was hiked by Rs 5,146.16 per kilolitre (kl), or 7.6 per cent, to Rs 72,281.92 per kl with effect from midnight tonight, Indian Oil Corp, the nation's largest oil firm, said.

This biggest ever increase in price in absolute numbers comes on back of firming international oil rates and dip in rupee value against the US dollar. And new rates will have surpased the previous high in ATF price of Rs 71,028.26 per kl hit in August, 2008.
The hike in percentage terms is however lower than the 12 per cent hike in rates effected from June 16, 2009 when prices were hiked by Rs 3,948.59 per kl to Rs 36,251.51 per kl.


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