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Sunday, December 2, 2018

Indian Oil Corporation(IOC) reduces jet fuel prices to lowest in 7-month

Indian Oil Corp., the country’s biggest fuel retailer, cut jet fuel prices for domestic and international carriers.
The price in Delhi for domestic airlines was cut to 68,050.97 rupees a kiloliter on 1 December, an 11% reduction from a month earlier, according to a statement by the state-run company.

That is the lowest since 1 May, data from Indian Oil show. The rate reached a five-year high in November.

The following shows prices per kiloliter for domestic carriers in top cities, in rupees:
Delhi
■December-68,050.97
■November- 76,378.80
Kolkata
■December- 73,393.55
■November -81,441.06
Mumbai
■December- 67,979.58
■November - 76,013.20
Chennai
■December- 69,216.61
■November - 77,521.63

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