Oil companies cut Aviation Turbine Fuel further

PTI reports, state-run oil marketing companies on November 3, cut jet fuel prices further by Rs 2,100 per kilolitre on top of the 17 per cent reduction, which was announced last week after the government exempted Customs Duty on fuel last week.

Oil majors like Indian Oil Corporation (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) from the 1st of this month have cut Aviation Turbine Fuel (ATF) price by Rs 9,429.87 per kilolitre to Rs 47,017.93 per kilolitre in Delhi.

Following the fall in international oil prices, ATF price for domestic airlines reduced further by Rs 2,100 per kilolitre from last night. For international airlines, who do not pay local taxes or Value Added Taxes (VAT) the reduction will be USD 35 per kilolitre.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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