NEW DELHI: Jet fuel (ATF) prices were today hiked by a steep 6.3 per cent, the third consecutive increase since June, as a falling rupee made imports costlier.
Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 4,169.4 per kilolitre (kl), or 6.3 per cent, to Rs 70,203.15 per kl with effect from midnight tonight, according to Indian Oil Corp, the nation's largest fuel retailer.
The increase comes on back of a steep 5.8 per cent hike in jet fuel rates on July 1. The Rs 3,617.84 per kl hike on that day came on back of June 1 increase when prices climbed to Rs 62,416.16 per kl from Rs 62,649.95 previously.
The hikes follow two steep reduction in rates - by 5.5 per cent (Rs 3884.98 per kl) on April 1 and 5.3 per cent or Rs 3,545.94 per kl from May 1.
ATF price in March had touched Rs 70,080.87 per kl in Delhi.
Read News in full PTI/Jul 31, 2013/Economic Times
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