Jet fuel price was hiked on Wednesday by a moderate 2.65 per cent to Rs 66,266 per kilolitre across India after international oil prices rose in the past fortnight by over 3 per cent.
The price of Aviation Turbine Fuel (ATF) was hiked by Rs 64,324 per kilolitre, or 2.61 per cent month-on-month in the national capital, it increased to Rs 65,620 per kilolitre in Chennai, Rs 70,589 in Kolkata and Rs 64,530 in Mumbai, according to price notification issued by state-owned oil firms.
ATF price moved upward by an average 11 per cent year-on-year. ATF or jet fuel prices are revised on 1st of every month based on the average international rate for benchmark fuel and foreign exchange rate in the preceding month.
