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 [ Images ].

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: