ATF prices slashed 3% over last fortnight

Oil marketing companies (OMCs) on Thursday slashed the price of aviation turbine fuel (ATF) by about 3%, compared with a fortnight ago, as global crude oil prices fell on fears of a slowdown in economic recovery due to a surge in number of covid-19 cases globally. This is the first time that jet fuel prices have been slashed since last October.

Jet fuel accounts for about a fourth of expenses for major domestic airlines.

ATF prices stood at Rs58,374.16 per kilolitre (kl) in New Delhi on Monday, according to a notification by Indian Oil Corp. Ltd (IOCL).