Aviation fuel price cut by 4 percent

January 31st, 2009 - 8:09 pm ICT by IANS  

New Delhi, Jan 31 (IANS) Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies Saturday slashed the price of aviation turbine fuel (ATF) by four percent. The ATF price in New Delhi will go down Rs.1,208 per kilolitre to Rs.30,288 from Saturday midnight, an Indian Oil Corp official said.

Similarly in Mumbai, the ATF price decreased Rs.1,271 per kilolitre to Rs.31,176.

The ATF price reached Rs.71,028.26 per kilolitre in New Delhi in August last year, owing to record price of crude oil in the international market at $147 per barrel.

The ATF price was increased by over 3 percent Jan 16 after eight successive cuts since last September.

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