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Wednesday, 02 January, 2019, 10 : 45 AM [IST]

ATF price cut by 14.7%; costs less than petrol, diesel

Jet fuel price Tuesday was cut by a record 14.7 per cent on the back of decline in international rates, making it cheaper than both petrol and diesel, reports PTI.

The price of Aviation Turbine Fuel (ATF) -- used to power airplanes -- was slashed by INR 9,990 per kilolitre, or 14.7 per cent, to INR 58,060.97 per kl, according to price notification issued by state-owned oil firms.

This is the second straight monthly reduction in rates and the biggest single cut ever. Prices were slashed by INR 8,327.83 per kl, or 10.9 per cent, on December 1.

The two consecutive price reductions has brought ATF rates to their lowest levels in a year and will provide much-needed relief to cash-strapped airlines.

Rates are now cheaper than both petrol and diesel in most parts of the country and it is less expensive than even non-PDS kerosene in cities like Mumbai.

A litre of petrol, used in motorcycles and cars, costs INR 68.65 in Delhi as compared to INR 58,060.97 per kl or Rs 58.06 per litre price for ATF. A litre of diesel, which is mostly used as fuel in trucks and buses, comes for INR 62.66.

ATF costs just a shade higher than the price charged for kerosene sold through non-PDS (public distribution system) outlets in Delhi. Non-PDS in Delhi is priced at INR 56.59 per litre.

ATF in Mumbai, home to one of the busiest airport in the country, costs INR 58,017.33 per kl or INR 58.01 per litre. A litre of petrol in the city costs INR 74.30 and diesel is priced at INR 65.56 per litre. It costs less than even non-PDS kerosene in the city which is sold at INR 59.53 a litre.

Rates vary from city to city depending on local taxes.

State-owned fuel retailers revise rates of ATF on 1st of every month based on average international oil rate and rupee-US dollar exchange rate in the preceding month. Petrol and diesel prices are revised on a daily basis. (Source: PTI)

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