Jet fuel prices hiked by massive 4%
New Delhi   16-Feb-2011

State-run oil firms on Tuesday raised jet fuel price by a massive 4%, the ninth straight increase in rates since October. Aviation turbine fuel (ATF) rates in Delhi have been hiked by Rs 2,104 per kilolitre, or 4.12%, to Rs 53,538 per kl with effect from Tuesday midnight, an official of IndianOil, the nation's largest fuel retailer, said. The hike, the second biggest increase in a year, comes on the back of another 4.5% jump in rates effected from February 1. “The hike has been necessitated because of spurt in international oil rates,” the official said. This is the ninth straight increase in jet fuel prices since October 2010, when international crude oil prices started soaring.