New Delhi/UNI: Oil Marketing Companies (OMCs) on Monday hiked prices of air turbine fuel (ATF) by more than 2.5 per cent.
According to the Indian Oil Corporation, a major OMC and supplier of ATF in the country, the price of aviation fuel in Delhi would be Rs 65,908.28 per kilolitre effective from June 16 which marks an increase of Rs 1,719.87 (2.68 per cent).
With this revision, there is a likelihood of soaring airfares.
The Ministry of Civil Aviation has raised the lower and upper limits of airfares this year, citing an increase in ATF prices.
Earlier, aviation fuel prices were cut by approximately one per cent effective on Jun 1, 2021, after being increased twice in May - around seven per cent on May 1 and five per cent on May 16.
In Mumbai, thus, the ATF has become costlier by Rs 1,797.26 (2.89 per cent) to cost Rs 64,068.65 per kilolitre.
Prices have been increased by Rs 1,734.37 (2.54 per cent) in Kolkata and Rs 1,804.19 (2.75 per cent) in Chennai to Rs 70,005.86 and Rs 67,519.93 per kilolitre respectively.