New Delhi: After two consecutive price hikes, state-owned oil companies on Saturday cut jet fuel prices marginally by 0.5 percent in line with softening in global oil rates.
The price aviation turbine fuel (ATF), or jet fuel, at Delhi's T3 airport was cut by Rs 325 per kilolitre (kl), or 0.5 per cent, to Rs 58,271 per kl with effect from midnight tonight, an official of Indian Oil Corp (IOC), said.
The nation's largest fuel retailer, IOC, and other state retailers, Hindustan Petroleum and Bharat Petroleum, had on October 1 and September 16 and raised jet fuel prices by 2.5 percent and 1.5 percent respectively, mainly because imports had become costlier due to fall in rupee against the US dollar.
ATF in Mumbai, home to the nation's busiest airport, will cost Rs 338 per kl more at Rs 59,021 per kl from tomorrow as against the old price of Rs 59,359 per kl.
15/10/11 ZeeNews
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