The Union government has hiked the jet fuel (ATF) prices by a steep 6.9 per cent, taking the rates to lifetime high of Rs 75,031 per kilolitre. The Officials concerned said the current ATF price increase follows continuing fall of rupee value against the US dollar, which made import of crude oil costlier.    

In August 2008, ATF had scaled the high of Rs 71,028.26 per kl but four consecutive increases since June this year (2013) that had been necessitated by falling rupee, has seen the fuel price break all records.  Aviation Turbine Fuel, or ATF, price at Delhi was hiked by Rs 4,827.94 per kl, or 6.87 per cent, to Rs 75,031.09 per kl, according to Indian Oil Corp, the nation's largest fuel retailer. The increase has been effected from September 1.    

The hike comes on back of a steep hikes on July 1 and August 1. ATF price was increased by Rs 3,617.84 per kl or 5.8 per cent on July and by another Rs 4,169.4 per kl, or 6.3 per cent, on August 1. Prior to these, rates had climbed to Rs 62,416.16 per kl on June 1 from Rs 62,649.95 previously.