With 5% hike, jet fuel price hits 14-year high
NEW DELHI: Aviation turbine fuel (ATF) prices soared to 14-year-high in the country on Wednesday as oil companies hiked jet fuel prices by about 5%. This is the fourth hike in jet fuel prices in less than two months following a spike in global oil prices.
As per the price notification of fuel retailers, ATF price increased by Rs 4,481.63 per kilolitre to Rs 90,519.79 per kl in Delhi. This rate is higher than Rs 71,028.26 per kl reached in August 2008 when international crude oil price was around $147 per barrel.
