Aviation turbine fuel price has actually been hikedNew Delhi: Halting a decreasing trend of last month, jet fuel or air travel turbine fuel (ATF) cost has been treked by 2.75 percent on firming global oil prices.Aviation turbine fuel (ATF) rate has actually been treked by Rs 2,039.63 per kilo litre (kl), or 2.75 per cent, to Rs 76,062.04 per kl in the nationwide capital, according to a cost alert of state-owned fuel retailers.The increase in rates begins back of 2 rounds of price cuts seen in December that reflected a drop in global oil rates throughout the second half of November and mid-December.
Afterwards, worldwide rates have firmed up, resulting in the walking in ATF price.ATF rate had actually peaked to Rs 80,835.04 per kl in mid-November before it was cut on December 1 and 15 by a total of Rs 6,812.25 per kl or 8.4 per cent.Jet fuel costs are modified on first and 16th of monthly based upon average rate of international benchmark in the preceding fortnight.