Jet Fuel Rates Hit Fresh All-Time High, Steepest Hike Ever

Moscow, Mar 16: Jet fuel prices on Wednesday were hiked by over 18 percent - the steepest ever increase - to all-time high levels after international oil prices surged to a multi-year high.

The increase - sixth straight this year - led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever.

Aviation turbine fuel (ATF) - the fuel that helps airplanes fly - was hiked by 17,135.63 per kl, or 18.3 percent, to Rs 110,666.29 per kl in the national capital, according to a price notification by state-owned fuel retailers.