Saturday, January 02, 2016

Jet fuel price cut by 10%

New Delhi: Aviation Turbine Fuel (ATF) or jet fuel price was today slashed by 10 per cent but rates of non-subsidised cooking gas LPG were hiked by Rs 49.5 per cylinder on global trends.

ATF price in Delhi was reduced by Rs. 4,428 per kilolitre (kl) or 9.99 per cent to Rs. 39,892.32 per kl, oil companies announced on Friday.

This is the second reduction in a row. Prices were cut by 1.17 per cent on December 1.

Rates vary at different airports because of differential 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 reduce the financial burden on cash-strapped carriers.

No immediate comment was available from airlines on the impact of price reduction on passenger fares.
01/01/16 PTI/The Hindu
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