New Delhi: After three months of a sustained northward rally, oil marketing companies on Monday reduced the price of Aviation Turbine Fuel (ATF) by 4.33 per cent. However, this is not likely to bring any relief to flyers as there is little sign the airlines will bring down the fuel surcharge.
From Monday, every kilo litre of ATF would cost Rs 70,515.97 in Delhi against Rs 73,710.69 earlier. The last reduction in ATF was on July 1 when prices came down to Rs 61,169.08 per kilo litre from Rs 62,409.95 a kilo litre.
Currently, the ATF price is 20.38 per cent higher when compared year-on-year.
The airlines have faced higher fuel prices for the past several months. This, coupled with the festival season and reduction in seats, will not translate to a drop in passenger fares.
01/10/12 Business Line
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From Monday, every kilo litre of ATF would cost Rs 70,515.97 in Delhi against Rs 73,710.69 earlier. The last reduction in ATF was on July 1 when prices came down to Rs 61,169.08 per kilo litre from Rs 62,409.95 a kilo litre.
Currently, the ATF price is 20.38 per cent higher when compared year-on-year.
The airlines have faced higher fuel prices for the past several months. This, coupled with the festival season and reduction in seats, will not translate to a drop in passenger fares.
01/10/12 Business Line
