Jet fuel prices on Wednesday were hiked by over 18 per cent – the steepest ever increase – to all-time high levels after international oil price surged to a multi-year high. The increase – sixth straight this year – led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever.
Aviation turbine fuel (ATF) – the fuel that helps aeroplanes fly – was hiked by 17,135.63 per kl, or 18.3 per cent, to Rs 110,666.29 per kl in the national capital, according to a price notification by state-owned fuel retailers.
Jet fuel prices are revised on the 1st and 16th of every month based on the average international price of benchmark fuel in the preceding fortnight.
News Source:- Moneycontrol