Jet fuel price cut by 2.2%
The Hindu
Aviation turbine fuel prices were cut by ₹3,084.94 per kilolitre.
Jet fuel (ATF) prices on Saturday, July 16, 2022, were reduced by 2.2 per cent, reflecting a fall in international oil prices.
Aviation turbine fuel (ATF) prices were cut by ₹3,084.94 per kilolitre, or 2.2 per cent, to ₹138,147.93 per kl, a price notification of state-run fuel retailers showed.
This is only the second reduction in rates this year. Prices had peaked to ₹141,232.87 per kl (₹141.23 per litre) last month.
ATF prices are revised on the 1st and 16th of every month based on rates of benchmark international oil rates in the previous fortnight.
There was no change in rates on July 1.
Prior to that, prices were hiked by the steepest ever 16 per cent to catapult rates to an all-time.
International oil prices have softened since on fears of recession in major economies. Oil prices are at pre-Ukraine war levels.
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