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Jet fuel prices cut marginally by Rs 325/kl

Sunday 16th Oct 2011 1378

New Delhi : After two consecutive price hikes, state-owned oil companies today cut jet fuel prices marginally by 0.5 percent in line with softening in global oil rates.

The price aviation turbine fuel (ATF), or jet fuel, at Delhi's T3 airport was cut by Rs 325 per kilolitre (kl), or 0.5 percent, to Rs 58,271 per kl with effect from midnight tonight, an official of Indian Oil Corp (IOC), said.

The nation's largest fuel retailer, IOC, and other state retailers, Hindustan Petroleum and Bharat Petroleum, had on October 1 and September 16 and raised jet fuel prices by 2.5 percent and 1.5 percent respectively.

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