Jet Fuel Prices Raised For The Fourth Straight Time

On Thursday, jet fuel or ATF (Aviation Turbine Fuel) price was hiked by 1.5 percent, the fourth increase in six weeks, while petrol and diesel rates were left unchanged.

ATF price was hiked by Rs 635.47 per kilolitre (kl), or 1.5 percent, to Rs 42,628.28 per kl in Delhi, according to a price notification by state-owned oil marketing companies.

This is the fourth straight increase in ATF prices in six months.

Rates were hiked by a record 56.6 percent (Rs 12,126.75 per kl) on 1 June, followed by Rs 5,494.5 per kl (16.3 percent) increase on 16 June. Price was hiked by Rs 2,922.94 per kl or 7.48 percent on 1 July.

ATF prices are revised on 1st and 16th of every month based on average of benchmark international price and foreign exchange rate in the preceding fortnight.

Petrol and diesel prices, which are revised on a daily basis, were kept unchanged on Thursday.

Price of petrol has not changed for 17th day in a row. It sells for Rs 80.43 a litre in the national capital since 29 June.

Diesel on the other hand has seen rates being changed on four occasions since June 29. It currently sells for a record Rs 81.18 per litre in the national capital.

Petrol price has been increased by Rs 9.17 per litre between 7 June and 29 June while diesel rates have increased by Rs 11.79 per litre since 7 June.