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.
Source: PTI
