State-run fuel retailers today slashed aviation turbine fuel (ATF) rates by a further seven per cent, making it the 11th reduction since September last year. ATF prices in Delhi were slashed by Rs 2,052 per kilolitre (kl) to Rs 27,106 per kl, effective midnight tonight, an official of Indian Oil, the nation’s largest fuel retailer, said.
But for the one-off 3.3 per cent increase in rates on January 16, jet fuel prices are declining in tandem with the fall in international oil rates. In Mumbai, home to the nation’s busiest airport, ATF rates were down to Rs 27,861 per kl from Rs 29,985.19 per kl. The reduction in jet fuel prices announced today varied from airport to airport depending on local taxes and levies and on an average worked out to be Rs 2,125 per kl.
ATF prices had peaked to Rs 71,028.26 per kl (in Delhi) in August on international crude prices touching a historic high of $147 a barrel.