Indian Airlines (IA) is likely to save Rs 100 crore in its fuel bill if the aviation turbine fuel prices (ATF) remain at the current levels.
With the latest slash in ATF prices the average national would work out to be approximately Rs 20,000 per kilolitre.
The prices in ATF vary from state to state on the basis of sales tax and the proximity to a sea port.
For instance the price of a kilolitre of ATF is Rs 18,571 in Mumbai while in Chennai it is Rs 20,131, due to a sales tax of 29 per cent.
The state-owned international carrier, Air-India (A-I), is also likely to save Rs 160 crore due to the 20 per cent drop in ATF prices between April and May, if the price of fuel remains at the current levels of US Cents 105 per US Gallon. The airline
