Jet fuel prices on Thursday were hiked by the steepest ever 16 per cent to catapult rates to an all-time high in step with hardening international oil rates.
The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — has been increased by `19,757.13 per kilolitre, or 16.26 per cent, to `1,41,232.87 per kl (Rs 141.2 per litre) in the national capital, according to a price notification of state-owned fuel retailers.
The hike, which comes on the back of a marginal 1.3 per cent (`1,563.97 per kl) cut in rate earlier this month, takes jet fuel prices to record high across the country.
