Aviation fuel price hiked again

Aviation fuel price hiked again

Monday, 30 June 2008, 07:00 Hrs
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Mumbai: Oil companies Monday hiked the price for aviation turbine fuel (ATF) by almost 3,000 ($75) effective from Tuesday. This is the seventh price hike of ATF in the past six months.

According to figures obtained from Indian Oil Corporation Limited (IOCL), ATF in Mumbai will cost 71,630 per litre, up from 68,626, whereas in New Delhi it will cost 69,097 against 66,226.

With the new fuel price hike, most airlines are again expected to pass on the burden to the passengers.

When contacted the Jet Airways spokesperson said a decision will be taken after studying the impact.

Echoing a similar sentiment, Air India spokesperson said, "We haven't taken a decision yet."

On June 19, Indian full service carriers had hiked base fares to minimum of 1,000 for cities up to 750 km. For distance between 750-1,000 km it will be 2,250, and over 1,000 km to 3,000.
Source: IANS
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