ATF price slashed by 2.3% to Rs 1.17 lakh per kilolitre
NEW DELHI: Jet fuel price was on Thursday reduced by 2.3%, reflecting softening international oil prices but petrol and diesel rates remained on freeze for a record eighth month in running.
Aviation Turbine Fuel (ATF) price was cut by Rs 2,775 per kilolitre, or 2.3%, to Rs 1,17,587.64 per kl in the national capital, according to a price notification of state-owned fuel retailers.
The rate reduction, which will provide relief to airlines for whom fuel makes for almost 40% of the operating cost, comes on the back of a Rs 4,842.37 per kl, or 4.19%, reduction last month.
