New Delhi: With the fuel retailers hiking Air Turbine Fuel (ATF) rates to Rs 2,030 per kilolitre, flyers may have to pay more for the tickets should the airlines decide to pass off the burden to them.
The hike on ATF in New Year was the second after reduction in November when the rupee was stabilised.
The three fuel retailers –Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and BPCL—revise ATF rates on the first of every month based on the average international price in the preceding month.
According to Bharat Petroleum Corp Ltd (BPCL), the ATF will cost Rs 76,241.33 per kilolitre in Delhi in January, which is an increase of Rs 2,036.59 per kilolitre in December, when the rates were hiked by Rs 597.48 per kilolitre from November.
Read News In full 01/01/14 Deccan Herald
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