Indian Oil reduces ATF prices by 12 per cent

Coming to the rescue of its stressed airline clients, Indian Oil Corporation Ltd (IndiaOil) has reduced aviation turbine fuel (ATF) prices by almost 12 per cent with effect from Saturday in line with international prices of the product.

In a statement IndianOil also said that it will now revise ATF prices every fortnight instead of at the beginning of every month. Over 115 IndianOil aviation fuelling stations across the country are operating normally, it said.

Putting to rest all speculations IndianOil also said that it continues to maintain normal operations at its refineries, pipelines and marketing locations despite the threat of COVID-19 pandemic in the country.