Oil firms cut jet fuel price by 1.6 pc

New Delhi: Reducing jet fuel prices for the third consecutive fortnight, state-run oil companies today cut rates by 1.6 per cent, a move that will ease burden on cash-strapped airlines.
Aviation turbine fuel (ATF) prices in Delhi was reduced by Rs 636 a kilolitre to Rs 38,697 per kilolitre, effective midnight tonight, an official of Indian Oil Corp, the nation's largest oil firm, said.
With the latest cut, jet fuel rates have come down from Rs 40,422.62 per kl in November and are now at the levels prevalent in August.
31/12/09 Press Trust of India

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Categories: Indian Aviation- In General Jan 2010