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Aviation fuel prices cut by four pc
New
Delhi: The price of Aviation Turbine Fuel (ATF) has
been further reduced by four per cent. The new prices
came into effect from Saturday midnight, and the fares
have grounded to Re One! The jet fuel prices have touched
a three-and-a-half year low. An Indian Oil Corporation
official informed that the fuel prices in Delhi were slashed
to Rs. 30,288 per kilolitre- 57 percent lower than the
last August record price of Rs. 71,028 per kilolitre.
The August record was set as global crude price that time
was at a historic 147 dolars per barrel. In Mumbai, the
price will be Rs. 31,176, down by Rs. 1,301 per kilolitre.
The airlines which were earlier increasing their fares
to compensate the high oil prices last year, have now
reintroduced basic fares to Re. 1 to Rs. 99 that are topped
by taxes and surcharge of nearly Rs. 3000.
-Feb
1, 2009
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