TIL Desk/Business/New Delhi/ Jet fuel price on Sunday was cut by about 1 per cent to a four-month low on softening international oil prices, according to state-owned fuel retailers. Market-priced or non-subsidised cooking gas price was however raised by Rs 15.5 per cylinder, oil firms said in a price notification. Aviation Turbine Fuel price in Delhi was cut by Rs 596.62 per kilolitre or 0.9 per cent, to Rs 62,698.86 per kl. This is the third straight monthly price reduction.
Jet fuel prices were last cut by 5.8 per cent or Rs 3,806.44 per kl on August 1. State-owned fuel marketing companies revise ATF prices on the 1st of every month based on average of benchmark international oil price in the previous month. In Mumbai, home to the country’s busiest airport, ATF price was cut to Rs 62,712.17 per kl from Rs 61,199.79 per kl.
Reduction in ATF rates will bring relief to cash strapped airlines. Simultaneously, oil firms also revised the price of cooking gas or LPG. Price of non-subsidised LPG, which consumers buy after exhausting their annual quota of 12 cylinders of 14.2-kg at subsidised rates, was hiked to Rs 590 from Rs 574.5. The monthly 25 paise per litre increase in kerosene price continued for the 26th month in a row.
