State-owned oil marketing companies reduce ATF prices by 4%

New Delhi: State-owned oil firms today cut jet fuel, or ATF, prices by 4%, the first reduction in rates since July, on softening of international oil prices.
Aviation Turbine Fuel (ATF) rates in Delhi will come down by Rs1,715 per kilolitre (kl), or 4.09%, to Rs40,138 per kl from midnight tonight, said an official of Indian Oil Corp, the nation's largest fuel retailer.
The rates for Bharat Petroleum and Hindustan Petroleum, the other dominant jet fuel retailers, will see a similar price hike, as the three state-run firms fix prices in tandem.
The reduction follows two successive rise in prices on August 1 and 16.
In Mumbai, the price of ATF were reduced by Rs1,800, or 4.16%, to Rs41,388 per kl.
31/08/10 PTI/Daily News & Analysis

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Categories: Indian Aviation- In General Sep 2010