New Delhi: ATF or jet fuel price has been cut marginally while rate of non-subsidised cooking gas LPG has been hiked by Rs 27.50 a cylinder in line with global trends.
Aviation Turbine Fuel (ATF) price in Delhi has been cut by Rs 142.56 per kilolitre, or 0.3 per cent, to Rs 43,041.61 per kilolitre, oil companies announced today.
The reduction comes on the back of 5.5 per cent or Rs 2,245.92 per kilolitre increase in ATF price on October 1.
Rates vary from airport to airport depending on the local sales tax or value-added tax (VAT).
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will bring marginal relief to the cash-strapped carriers.
No immediate comment was available from airlines on the impact of price reduction on passenger fares.
02/11/15 PTI/Economic Times
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Aviation Turbine Fuel (ATF) price in Delhi has been cut by Rs 142.56 per kilolitre, or 0.3 per cent, to Rs 43,041.61 per kilolitre, oil companies announced today.
The reduction comes on the back of 5.5 per cent or Rs 2,245.92 per kilolitre increase in ATF price on October 1.
Rates vary from airport to airport depending on the local sales tax or value-added tax (VAT).
Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will bring marginal relief to the cash-strapped carriers.
No immediate comment was available from airlines on the impact of price reduction on passenger fares.
02/11/15 PTI/Economic Times