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Aviation turbine fuel prices down by 3.7 percent

     New Delhi: Public sector oil companies have announced a slash of 3.7 per cent in the prices of Aviation Turbine Fuel (ATF), the tenth reduction since last September. The slash in prices came into effect from Sunday midnight. Jet fuel prices in Delhi were slashed to Rs 29,158 per kilolitre from Rs 30,288 per kilolitre. In Mumbai, ATF rates went down by Rs 1,191 per kilolitre to Rs 29,985 per kilolitre. ATF prices rose to Rs 71,028.26 per kilolitre in Delhi in August 2008 with the peaking of global crude oil prices to 147 dollars a barrel. Since then, fuel prices have been slashed every month and decreased twice in November. The state-run Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum revise ATF rates on the 1st and 16th of every month based on the average international jet fuel rates in the preceding fortnight.
-Feb 16, 2009