Monday, July 01, 2019

ATF price cut by 5.8 pc

New Delhi: Jet fuel price was on Monday cut by a steep 5.8 per cent to a four-month low on softening international oil prices, according to state-owned fuel retailers.
Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 3,806.44 per kilolitre to Rs 61,200.36 per kl. This is the second straight monthly price reduction.

State-owned fuel marketing companies revise ATF prices on 1st of every month based on average of benchmark international oil price in the previous month.

In Mumbai, home to country's busiest airport, ATF price was cut to Rs 61,199.79 per kl from Rs 64,946.04 per kl, according to a price notification issued by oil companies.

Rates were last cut by a marginal Rs 61.05 per kl on June 1.

Reduction in ATF rates will bring relief to cash strapped airlines.
01/06/19 PTI/Times of India
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