By IANS,
Mumbai : Oil companies Monday hiked the price for aviation turbine fuel (ATF) by almost Rs.3,000 ($75) effective from Tuesday. This is the seventh price hike of ATF in the past six months.
According to figures obtained from Indian Oil Corporation Limited (IOCL), ATF in Mumbai will cost Rs.71,630 per litre, up from Rs.68,626, whereas in New Delhi it will cost Rs.69,097 against Rs.66,226.
With the new fuel price hike, most airlines are again expected to pass on the burden to the passengers.
When contacted the Jet Airways spokesperson said a decision will be taken after studying the impact.
Echoing a similar sentiment, Air India spokesperson said, “We haven’t taken a decision yet.”
On June 19, Indian full service carriers had hiked base fares to minimum of Rs.1,000 for cities up to 750 km. For distance between 750-1,000 km it will be Rs.2,250, and over 1,000 km to Rs.3,000.