Jet fuel price cut by 5.5 pc, may impact flight tickets

April 01, 2013 12:35

Jet fuel prices were today cut by a steep 5.5 per cent, reversing the rising trend of past two months.

The price of Aviation Turbine Fuel, or ATF, at T3 terminal in Delhi was cut by about Rs 3,885 per kilolitre (kl), or 5.5 per cent, to Rs 66,196 per kl from today, according to Indian Oil Corp, the nation's largest fuel retailer.

The reduction comes on the back of a 2 per cent (Rs 1,324.84 per kl) increase in price from February 1 and a 3.8 per cent (Rs 2,519.83 per kl) hike in rates from March 1.

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