Jet fuel (ATF) prices have been hiked by a steep 6.9 per cent, taking the rates to lifetime high of Rs 75,031 per kilolitre. ATF had last scaled the high of Rs 71,028.26 per kl in August 2008 but four consecutive increases since June this year that had been necessitated by falling rupee, has seen the fuel price break all records.
Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 4,827.94 per kl, or 6.87 per cent, to Rs 75,031.09 per kl, according to Indian Oil Corp, the nation’s largest fuel retailer. The increase has been effected from September 1.
The hike comes on back of a steep hikes on July 1 and August 1. ATF price was increased by Rs 3,617.84 per kl or 5.8 per cent on July and by another Rs 4,169.4 per kl, or 6.3 per cent, on August 1. Prior to these, rates had climbed to Rs 62,416.16 per kl on June 1 from Rs 62,649.95 previously.
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