India State Fuel Retailers Raise Jet Fuel Prices by 2%
09/17/2012| 12:31am US/Eastern
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By Rakesh Sharma
NEW DELHI--India's state-run fuel retailers raised jet fuel prices by 2% for the two weeks beginning Sept. 16.
Indian Oil Corp. (530965.BY), the country's largest fuel retailer by market share, is now selling jet fuel at 73,710.69 rupees ($1,371.86) a kiloliter, up from 72,281.92 rupees a kiloliter for the two weeks that ended Sept. 15, its website showed.
The other two state-run retailers--Hindustan Petroleum Corp. (500104.BY) and Bharat Petroleum Corp. (500547.BY)--also raised prices 2% in line with their bigger rival.
The state-run fuel retailers adjust jet fuel prices every two weeks.
Write to Rakesh Sharma at rakesh.sharma@dowjones.com
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