ATF prices cut again

Air fares are likley to drop at least marginally as a aresult of today8217;s move by public sector oil companies slashing aviation turbine fuel jet fuel prices by Rs 4,000 per kilolitre in line with th fall in international prices.

This is for the second consecutive month that oil firms have cut ATF prices. On November 1, ATF prices were slashed by 1.8 per cent.

Private low-cost airline SpiceJet said that it will pass on the benefit to customers by cutting fuel surcharge by 50 per cent. SpiceJet tickets will now cost Rs 200 less on long routes and Rs 100 on short routes.

In Delhi, from Thursday, the domestic price of ATF including sales tax is Rs 31,750.56 per kilolitre, in Kolkata, the price is reduced to Rs 35,978.32 per kl, in Mumbai it is priced at Rs 32,564.27 per kl and in Chennai it is priced at Rs 34.664 per kl.