 "LPG")
Aviation Turbine Fuel (ATF) or jet fuel price was today slashed by 10% but rates of non-subsidised cooking gas were hiked by Rs 49.5 per cylinder on global trends by oil companies.
Also, rates of non-subsidised kerosene were cut by Rs 1.05 per litre to Rs 43.19 alitre. ATF price in Delhi was reduced by Rs 4,428 per kilolitre (kl) or 9.99% to Rs 39,892.32 per kl, oil companies announced today.
Prices were cut by 1.17% on December 1. Jet fuel constitutes over 40% of an airline's operating costs and the price cut will reduce the financial burden on cash-strapped carriers.
Oil firms also raised prices of non-subsidised LPG, which consumers buy after exhausting their quota of subsidised cooking fuel, by Rs 49.5 per 14.2-kg bottle.
The fuel now costs Rs 657.50 in Delhi. Non-subsidised LPG price was last hiked by Rs 61.50 on December 1. Also, the price ofnon-subsidised kerosene, available outside the ration shop, has been cut to Rs43,194.82 per kl (Rs 43.19 a litre) from Rs 44,246.47 per kl.
