Air travel to cost more with hike in ATF fuel price

For the second time this month, state-owned oil firms on Sunday jacked up aviation turbine fuel prices, this time by 2.4 per cent following a spurt in international oil rates.

Aviation Turbine Fuel prices in Delhi will be raised by Rs948 per kilolitre to Rs40,423 per kl effective midnight tonight, according to an Indian Oil Corporation (IOC) official, the largest oil company in the country.

The hike comes on the back of over 9 per cent hike in jet fuel prices on 1 November.

In Mumbai, which has the nation's busiest airport, ATF prices will go up by Rs988 to Rs41,710 per kl.

IOC, Bharat Petroleum and Hindustan Petroleum had for three consecutive fortnights reduced ATF rates largely because international oil prices had eased and rupee strengthened against the US dollar.

With three cuts, jet fuel prices in Delhi declined to Rs36,188.27 per kl from Rs 39,188 at the beginning of September. On 1 November, rates in Delhi were increased Rs3,286 per kl to Rs39,474 per kl, while in Mumbai it was priced at Rs40,723 per kl, against Rs37, 299.50 per kl

After two hikes, the ATF prices are now above September levels according to the official.

In Kolkata, jet fuel price was raised by Rs1,001 per kl to Rs 48,681 and that in Chennai by Rs1,033 to Rs44,526 per kl, the IOC official said.