For the second time this month,state-owned oil companies today cut jet fuel (ATF) price by over one per cent in step with softening in the commoditys international rates. The price of aviation turbine fuel (ATF) in Delhi was cut by Rs 622 per kilolitre (kl) to Rs 63,077 per kl,an official at IndianOil said. IOC and other fuel retailers,Hindustan Petroleum and Bharat Petroleum had on December 16 reduced ATF price by 1.3 per cent to Rs 63,739.10 per kl. Jet fuel in Mumbai will cost Rs 64,054 per kl from tomorrow as against current rate of Rs 64730.23 per kl,a decrease of over Rs 676 per kl. The reductions this month comes on back of a steep 3.7 per cent hike in rates effected from December 1.
Written by Press Trust Of India | New Delhi | Published: January 1, 2012 2:31 am