New Delhi:
The government has hiked the price of aviation fuel by 8.2 percent.
After the price revision, which came into effect from February 28 midnight, the aviation turbine fuel will cost Rs. 50,363 per litre per kilolitre in New Delhi.
The price hike will also have a direct impact on the airfares as fuel costs account for about 40 percent of the airline's operating expenses.
On Saturday, the Indian Oil Corporation Limited had also announced the hike in petrol and diesel prices, citing rise in international crude oil price and depreciation of rupee as the reasons.
