Oil firms cut jet fuel prices

Oil firms cut ATF prices Public sector oil firms on Wednesday cut jet fuel (aviation turbine fuel) prices by less than a percentage point after raising it twice in the last two months.

ATF price for domestic airlines (who have to pay sales tax) in Delhi [ Images ] was cut by Rs 233.63 per kilolitre to Rs 34,995.36, while the decrease in Mumbai [ Images ] was Rs 256.88 per kl to Rs 35,957.79, industry sources said.

Jet fuel accounts for as much as 30 per cent of the cost of operations for airlines in India.

For international airlines, who are exempted from paying sales tax, the drop in ATF prices would be$6.55 (to $604.67 per kl) in Delhi and in Mumbai $6.74 (to 595.98) per kl.

ATF rates at a glance: