New Delhi: Jet fuel or ATF prices were today cut by a steep 4.5 per cent, the first reduction in rates in six months.
ATF prices had touched a life time high of Rs 77,089.42 per kilolitre (kl) following five consecutive increases since June as rupee depreciated against the US dollar, making oil imports costlier.
However, the rupee's appreciating during last month helped trim imported cost, leading to cut in prices.
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,482.16 per kl, or 4.5 per cent, to Rs 73,607.26 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
31/10/13 Outlook India
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ATF prices had touched a life time high of Rs 77,089.42 per kilolitre (kl) following five consecutive increases since June as rupee depreciated against the US dollar, making oil imports costlier.
However, the rupee's appreciating during last month helped trim imported cost, leading to cut in prices.
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,482.16 per kl, or 4.5 per cent, to Rs 73,607.26 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
31/10/13 Outlook India
