Jet fuel (ATF) price was on Sunday Feb 01,2015 cut by a steep 11.3 % and now costs less than diesel.
The price of Aviation Turbine Fuel (ATF), or jet fuel, in Delhi was cut by Rs 5,909.9 per kilolitre, or 11.27 percent, to Rs 46,513.02 per kl, oil companies announced on Sunday.
The reduction, which followed possibly the steepest ever cut of Rs 7,520.52 per kl or 12.5 percent effected from January 1, has led to ATF becoming cheaper than even diesel.
Last month's reduction saw the ATF price slip to Rs 52.42 a litre, below Rs 58.91 a litre cost of petrol in Delhi.
And after today's cut it costs Rs 46.51 per litre and is cheaper than diesel that sells at Rs 51.52 per litre.
The cut, effective today, is the seventh reduction in jet fuel rates since August. Jet fuel constitutes over 40 percent of an airline's operating costs and the price cut will ease the financial burden of cash-strapped carriers.
The price of Aviation Turbine Fuel (ATF), or jet fuel, in Delhi was cut by Rs 5,909.9 per kilolitre, or 11.27 percent, to Rs 46,513.02 per kl, oil companies announced on Sunday.
The reduction, which followed possibly the steepest ever cut of Rs 7,520.52 per kl or 12.5 percent effected from January 1, has led to ATF becoming cheaper than even diesel.
Last month's reduction saw the ATF price slip to Rs 52.42 a litre, below Rs 58.91 a litre cost of petrol in Delhi.
And after today's cut it costs Rs 46.51 per litre and is cheaper than diesel that sells at Rs 51.52 per litre.
The cut, effective today, is the seventh reduction in jet fuel rates since August. Jet fuel constitutes over 40 percent of an airline's operating costs and the price cut will ease the financial burden of cash-strapped carriers.
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