Airlines in trouble as Indian Oil raises jet fuel prices by 4%
Indian oil has hiked aviation turbine fuel prices between 3% - 4% for both domestic and international airlines in four metro cities namely New Delhi, Mumbai, Kolkata and Chennai.
Key Highlights:
- Indian oil increases jet prices by nearly 4% for domestic airlines
- Over 4% hike made in ATF prices for international airlines
- ATF prices increased by 11% in FY17
State-owned Indian Oil on Friday increased aviation turbine fuel (ATF) prices by nearly 4% with immediate effect.
Jet fuel prices are usually decided by Indian Oil in the start of every month in four metro cities namely New Delhi, Mumbai, Kolkata and Chennai.
From September 01, 2017, now airlines will be charged ATF prices of Rs 50,020 per litre in New Delhi, Rs 49,383 per litre in Mumbai, Rs 54,416 per litre in Kolkata and Rs 52,740 per litre in Chennai.
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