Turbine fuel price hits record high in India

NEW DELHI, Apr 16 (XINHUA): The price of aviation turbine fuel (ATF) or jet fuel in India was hiked by a marginal 0.2 per cent to an all-time high on Saturday.

According to a price notification of state-owned fuel retailers, the ATF price rose by 277.5 Indian rupees (3.64 US dollars) per kilolitre to 113,202.33 in the Indian capital New Delhi.

Saturday's ATF price hike marked the eighth straight increase this year, reflecting a global energy price surge. Earlier, the ATF price saw a steepest ever hike of 18.3 per cent on March 16 and a 2.0 percent increase on April 01.

At present, the ATF price in Mumbai stands at 111,981.99 Indian rupees per kilolitre, while it is 117,753.60 Indian rupees in Kolkata, and 116,933.49 Indian rupees in Chennai. Officials said jet fuel prices are revised on the first and 16th day of every month.

However, petrol and diesel rates are revised on a daily basis as per rates in the international market.

The petrol and diesel prices have remained unchanged for 10 days in the South Asian country after witnessing a series of hikes since March 22. India imports over 80 per cent of its oil from other countries.