Sunday, September 01, 2019

ATF price cut by 1 pc

New Delhi: Jet fuel price on Sunday was cut by about 1 per cent to a four-month low on softening international oil prices, according to state-owned fuel retailers.
Market-priced or non-subsidised cooking gas (LPG) price was however raised by Rs 15.5 per cylinder, oil firms said in a price notification.

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 596.62 per kilolitre or 0.9 per cent, to Rs 62,698.86 per kl. This is the third straight monthly price reduction.

Jet fuel prices were last cut by 5.8 per cent or Rs 3,806.44 per kl on August 1.

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

In Mumbai, home to the country's busiest airport, ATF price was cut to Rs 62,712.17 per kl from Rs 61,199.79 per kl.

Reduction in ATF rates will bring relief to cash strapped airlines.
01/09/19 PTI/Times of India

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