State-owned oil firms hiked jet fuel price by Rs 156-237 per kilolitre, the 14th straight increase in rates since October last year. Aviation Turbine Fuel (ATF) price at the T3 terminal in the national capital was increased by Rs 156 per kl to Rs 60,560 per kl effective midnight tonight. State-owned fuel retailers have hiked jet fuel price on every fortnight since October in line with firming crude oil rates. Jet fuel in Mumbai was hiked by Rs 230 per kl to Rs 61,429 per kl.
The ATF price in Delhi on October 1, 2010 was Rs 40,728.52 per kl. The rates have been increased by Rs 19,831.48 per kl, or 48.7 per cent in 14 tranches since then. Fuel cost accounts for 40 per cent of the airlines' operating cost and rates vary from airport to airport depending upon the local sales tax.
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