Aviation fuel price cut by 4 per cent

Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies on Saturday slashed the price of ATF by four per cent.

Three days after the government announced reduction in petrol, diesel and cooking gas prices, state-run oil companies on Saturday slashed the price of aviation turbine fuel (ATF) by four per cent.

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The ATF price in New Delhi will go down Rs1,208 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.