Oil firms cut ATF prices by 3.7%

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Posted: Sunday, Feb 15, 2009 at 1645 hrs IST
Updated: Sunday, Feb 15, 2009 at 1645 hrs IST

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New Delhi: Public sector oil companies slashed jet fuel or ATF prices by 3.7 per cent, the tenth reduction since September.

Aviation Turbine Fuel (ATF) prices in Delhi were slashed to Rs 29,158 per kilolitre, effective midnight tonight, an official of Indian Oil Corp, the nation's largest fuel retailer, said.

The fuel used by airlines till was priced at Rs 30,288 per kilolitre. After today's Rs 1,130 a kilolitre reduction, jet fuel is priced at early 2005 levels.

For the 3.3 per cent increase in rates on January 16, jet fuel prices have been reduced for the tenth time today since September 1, 2008, when international crude oil prices started to decline.

In Mumbai, home to the nation's busiest airport, ATF rates were down by Rs 1,191 per kl to Rs 29,985 per kl.

ATF prices had peaked to Rs 71,028.26 per kl (in Delhi) in August on international crude prices touching historic high of USD 147 a barrel. But they have since been slashed every month till October and twice in November.

State-run Indian Oil Corp, 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.

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» air ticket--no MRP

Posted by TAPAS DUTTA GUPTA on 2009-02-16 06:36:50.537557+05:30
IN EVERY COMMODITY MRP [maximum retail price] IS MENTIONED---BUT IN DOMESTIC AIR FARE MRP IS NOT MENTIONED-----at the last moment tickets are sold at much higher prices--------discount can be given but can a sale be made without declaring MRP? moreover selling price declared is grossly misleading------only basic fare is advertised but other components are not mentioned---IN ALL ADVERTISEMENT FOR PRICE OF AIR TICKET ---TOTAL FARE MUST BE MENTIONED-------why it is mentioned taxes and surcharges extra? WHEN TAXES,PSF, FUEL SURCHARGES ARE KNOWN WHY THEY ARE NOT DECLARED?

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Oil firms cut ATF prices by 3.7%

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