Jet fuel prices cut by 5.8%; subsidised cooking gas to get cheaper by Rs 3

NEW DELHI: Oil companies have slashed prices of jet fuel as well as cooking gas from Monday to align them with the previous month’s average international rates of the fuel and the movement in exchange rate. Jet fuel price dropped 5.8% to Rs 61,200 per kilolitre for domestic airlines in Delhi. For international airlines, prices dropped 5.5% to $661.16/KL. Lower jet fuel prices bring down a key cost to airlines that have been experiencing a little rough time recently.

Oil companies have also cut rates of cooking gas. The rate of a subsidised cylinder is down Rs 3 to Rs 494.35 in Delhi.