Jet fuel price cut by Rs 622 a kilolitre

New Delhi: State-owned oil marketing companies (OMCs) slashed the jet fuel rates by Rs.622.33 or 1.05 percent a kilolitre (kl), effective from midnight Saturday, as crude prices softened in the international market. With this, the price of air turbine fuel (ATF) at Delhi's Indira Gandhi International Airport will come down from Rs.63,739 to Rs.63,076.67 a kl.
Just a fortnight ago, Indian Oil, Bharat Petroleum and Hindustan Petroleum had cut the price by 1.38 percent or Rs.833 per kl. The latest cut is expected to reduce the burden on the aviation industry, with many airlines incurring losses due to the high cost of jet fuel.
31/12/11 Indo-Asian News Service/News Bullet.in

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Categories: Indian Aviation- In General Jan 2012