New Delhi: State-owned oil companies today reduced jet fuel prices by a marginal Rs 312 per kilolitre or kl, the second reduction in rates this month.
The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 311.74 per kl, or 0.46 per cent, to Rs 67,319.71 with effect from midnight tonight, Indian Oil Corp, making the announcement on behalf of the industry, said.
The reduction comes on back of a Rs 169.3 per kl cut in rates effected from April 16. But these reduction are dwarfed by the steep increases effected in March and early April. ATF rates were increased by 3.2 per cent on March 1, Rs 1,298.88 per kl on March 16 and by another 2.8 per cent on April 1.
30/04/12 PTI/Economic Times4
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