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Monday, 02 July, 2018, 10 : 30 AM [IST]

Jet fuel price cut by 2.7% amid falling global rates

Aviation turbine fuel (ATF) price was on Sunday cut by 2.7% as falling international rates brought down rates from a four-year high.

ATF or jet fuel was cut by INR 1,942 per kilolitre, or 2.7%, to INR 68,086 per kl in Delhi, according to oil firms.

The reduction comes on back of two successive monthly hikes, the last being a steep 7% on June 1 that took rates to four-year high of INR 70,028 per kl in Delhi. ATF price was on May 1 was raised by INR 3,890 per kl (6.3 per cent) to INR 61,450 per kl.

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