New Delhi, Oct 15: After two consecutive price hikes, state-owned oil companies today cut jet fuel prices marginally by 0.5 per cent in line with softening in global oil rates.
The price aviation turbine fuel (ATF), or jet fuel, at Delhi’s T3 airport was cut by Rs 325 per kilolitre (kl), or 0.5 per cent, to Rs 58,271 per kl with effect from midnight tonight, an official of Indian Oil Corp (IOC), said.
The nation’s largest fuel retailer, IOC, and other state retailers, Hindustan Petroleum and Bharat Petroleum, had on October 1 and September 16 and raised jet fuel prices by 2.5 per cent and 1.5 per cent respectively, mainly because imports had become costlier due to fall in rupee against the US dollar.
From: http://ping.fm/pjJDR
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