State-owned oil firms Sunday hiked jet fuel prices marginally by less than 1 per cent, in sync with a rise in global rates.

Aviation Turbine Fuel (ATF) rates were hiked by Rs 299 per kilo-litre to Rs 42,235 per kl in Delhi, with effect from midnight tonight, an official of Indian Oil Corp, the nation’s largest fuel retailer.

The hike comes on the back of a near 3 per cent increase in rates effected on 16th October.

ATF, or jet fuel, will cost Rs 43,553 per kl in Mumbai, home to the nation’s busiest airport, as against Rs 43,242 per kl previously.

No comment could be immediately obtained from airline companies on the impact of the latest price increase.

IOC and its sister public sector oil firms, Bharat Petroleum and Hindustan Petroleum, revise jet fuel prices on the 1st and 16th of every month, based on the average international price in the preceding fortnight.