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IOC increases ATF prices by 2.9%

02 Feb 2017 Evaluate

Indian Oil Corporation (IOC) has hiked the price of aviation turbine fuel (ATF) or jet fuel by 2.9 per cent to Rs 1,539 per kilolitre (kl), effective from Wednesday. ATF now costs Rs 54,079.63 per kl in New Delhi. Prices vary at airports depending on local taxes.

The oil marketer, however, cut by Rs 66.50 the rate of the non-subsidised liquefied petroleum gas cylinder of 14.2 kg, which customers purchase at market price after exhausting the subsidised quota. A non-subsidised 14.2 kg cooking gas cylinder now costs Rs 651.50 here.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

Peers
Company Name CMP
Reliance Industries 1176.25
Indian Oil Corpn. 131.65
Bharat PetroleumCorp 298.00
HPCL 344.50
MRPL 165.20
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