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Delhi Flies Up Prices Of Aviation Turbine Fuel (ATF) By 8.7%

Apr. 01 Economy, Travel Comments

,[New Delhi] Delhi Flies Up Prices Of Aviation Turbine Fuel (ATF) By 8.7%
Aviation Turbine Fuel (ATF), or jet fuel, price was today hiked by 8.7 per cent
ATF price in Delhi was raised by Rs 3,371.55 per kilolitre (kl), or 8.69 per cent, to Rs 42,157.01 per kl, oil companies said today.
The hike comes on the back of a marginal 1.3 per cent or Rs 515.85 cut in rates on March 10.
Prior to that, rates were hiked by steep 12 per cent, or Rs 4,174.49, on March 1,
almost neutralising a Rs 4,765.5 cut on February 1.
The March 1 hike broke the cycle of three consecutive monthly price reductions.
Rates vary at different airports because of differential local sales tax or value-added tax (VAT).Jet fuel constitutes over 40 per cent of an airline’s operating cost and the price increase will add to the financial burden on cash-strapped carriers.
The ATF price cut on March 10 was on account of change in taxation.

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