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Sunday 1 July 2012

Oil companies cut jet fuel prices by 2%

English: Logo of Indian Oil    NEW DELHI: In the second major relief to cash-strapped airlines this month, jet fuel (ATF) prices were today cut by about 2%. 

The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was reduced by Rs 1,241 per kilolitre (kl), or 2%, to Rs 61,169 per kl with effect from midnight tonight, according to Indian Oil Corp the nation's largest oil firm. 

The reduction comes on back of a massive 5% (Rs 3,260 per kl) cut in rates effe
cted from June 16. 
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