State-owned oil firms today hiked jet fuel prices by 1.4 per cent, the 12th increase in rates in a row since October last year.
As per a PTI report, the price of Aviation Turbine Fuel (ATF) in the national capital was increased by Rs 846.87 per kilolitre, or 1.45 per cent, to Rs 59,157.32 per kl, an official of Indian Oil Corp, the nation's largest fuel retailer, said.
The hike comes on back of a massive 6.14 per cent increase in rates effected from March 16 in line with rising crude oil prices. The basket of crude oil that India buys averaged USD 110.66 per barrel in March, as against an average price of USD 101.16 a barrel in February.
Jet fuel in Mumbai is priced at Rs 59,900.02 per kl from yesterday, as against Rs 59,031.39 per kl till day before. The new hike is the 12th straight increase in jet fuel prices since October, 2010, when international crude oil prices started soaring.
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