India oil firms raise ATF prices by 13 percent

Commodity Online

NEW DELHI: In an effort to curb down heavy losses, India s major oil firms on Tuesday raised aviation turbine fuel (ATF) prices by over 13 percent.

This move would help them to match with the rise in international oil prices. ATF price in Delhi has been raised to Rs 53,309.30 per kilolitre (kl) from Rs 47,048.86 per kl, an Indian Oil Corporation said. In Mumbai, the price rose by Rs 6,536.35 a kl to Rs 55,191.58 per kl.

The state run firms revise jet fuel prices on first of every month. For foreign airlines, which do not pay sales tax, ATF price in Delhi has been raised to $1,023.40 per kl from $911.76 a kl.