Jet fuel or ATF prices were Thursday cut by 2.6 per cent following the government decision to lower excise duty on the fuel. Aviation turbine fuel (ATF) is now cheaper than petrol and diesel.
ATF in Delhi was cut by Rs 1,962 per kilolitre (kl), or 2.6 per cent, to Rs 72,605 per kl (Rs 72.6 per litre), according to a price notification issued by state-owned oil firms. It costs Rs 72,225 per kl in Mumbai, down from Rs 74,177. Even at the reduced price, ATF is at its highest level since March 2014.
The government had Wednesday cut excise duty on jet fuel to 11 per cent from 14 per cent previously to give relief to the aviation industry that has been in recent weeks hit hard by rising fuel prices and plummeting rupee. Read More