New Delhi: State-owned oil companies today cut jet fuel prices a day after raising petrol prices by Rs 5 a litre that triggered country-wide protests by the Opposition parties.
Jet fuel price in Calcutta is down 2.6 per cent to Rs 66,909 per kilolitre from Rs 68,681 per kilolitre.
The Rs 5-price-rise in petrol yesterday was the highest in 11 years, and the Opposition demanded a rollback in the policy on deregulation of petrol prices that gave the PSUs the freedom to raise prices. Further protests could be brewing if the empowered group of ministers next week decides to raise diesel, LPG and kerosene prices.
The price of aviation turbine fuel, or jet fuel, was lowered for the first time in seven months.
In Delhi, the jet fuel price was reduced by 2.9 per cent to Rs 58,794 per kilolitre, an official of Indian Oil Corporation said.
The new rates will come into effect from midnight tonight.
In Mumbai, the ATF price has been reduced by Rs 1,827 to Rs 59,602 per kilolitre.
The reduction in ATF price has come after 14 successive hikes since October, when international crude oil prices started soaring.
The ATF price in Delhi on October 1, 2010 was Rs 40,728.52 per kl. The rate was increased by Rs 19,831.48 per kl, or 48.7 per cent, till April 30.
16/05/11 The Telegraph
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