New Delhi: State oil companies slashed jet fuel prices by 10% on Monday to align domestic rates with international prices that have been falling under pressure from waning demand as coronavirus curtails air travel globally.
For domestic airlines, jet fuel will now be available for Rs 56,859 per kilo litre in Delhi, down 10.3% from the rates in February, according to Indian Oil Corp website. For international airlines, the new price is $592.58 per kilo litre. This is the second straight cut in ATF prices state oil companies announce at the beginning of every month.
Jet fuel consumption in India grew 2.5% in January. In April-January period, the consumption shrank 1.5% compared to the year-ago period.
State oil companies have also cut the rate of non-subsidised cooking gas prices by Rs 53 to Rs 805.50 per 14-kg cylinder in Delhi. Companies no more publish rates of subsidised cooking gas whose rates are supposed to rise
by at least Rs 4 per cylinder every month as government wants to cut down on subsidy.
02/03/20 Economic Times
To Read the News in full at Source, Click the Headline
For domestic airlines, jet fuel will now be available for Rs 56,859 per kilo litre in Delhi, down 10.3% from the rates in February, according to Indian Oil Corp website. For international airlines, the new price is $592.58 per kilo litre. This is the second straight cut in ATF prices state oil companies announce at the beginning of every month.
Jet fuel consumption in India grew 2.5% in January. In April-January period, the consumption shrank 1.5% compared to the year-ago period.
State oil companies have also cut the rate of non-subsidised cooking gas prices by Rs 53 to Rs 805.50 per 14-kg cylinder in Delhi. Companies no more publish rates of subsidised cooking gas whose rates are supposed to rise
by at least Rs 4 per cylinder every month as government wants to cut down on subsidy.
02/03/20 Economic Times
0 comments:
Post a Comment