State-owned oil firms today hiked jet fuel prices by nine per cent to over Rs 39,000 per kilolitre following a spurt in international oil rates.
Aviation Turbine Fuel prices will be increased by an average of Rs 3,400 per kilolitre effective midnight tonight, an official of the Indian Oil Corp (IOC), the nation's largest oil firm, said.
IOC, Bharat Petroleum and Hindustan Petroleum had for three consecutive fortnights reduced ATF rates mostly because international oil prices had eased and rupee strengthened against US dollar.
In three cuts, jet fuel prices in Delhi came down to Rs 36,188.27 per kl from Rs 39,188 at the beginning of September.
The hike announced today would negate all the cuts and ATF prices would be back to their September levels.
The official said the new rates at the four metros were being worked out and will be announced later.
The three oil firms revise jet fuel prices on the first and the 16th day of every month based on the average global oil price in the previous fortnight.
ATF price in Delhi was raised by Rs 3,286 per kl to Rs 39,474 per kl, while in Mumbai, the home to the nation's busiest airport, it will cost Rs 40,723 per kl, against Rs 37,299.50 per kl currently.
The jet fuel price in Kolkata has been raised by Rs 3,431 per kl to Rs 47,680 and that in Chennai by Rs 3,528 to Rs
43,493 per kl, the IOC official said.