ATF Price Cut By 4% To Rs1.07 Lakh Per Kilolitre. Check Current Rates In Cities Here

The ATF prices in Delhi have been reduced by Rs4,606 per kilolitre, or 4.09 per cent, to Rs107,750.27 per kl, according to a price notification of state-owned fuel retailers.

The cut in jet fuel prices reflects softening international oil prices ( Image Source :Getty )

Air travel expenses are expected to come down as the Aviation Turbine Fuel (ATF) prices on Wednesday have been slashed by 4 per cent from 1.12 Lk/kL In Delhi to 1.07 Lk/kL.

The cut in jet fuel prices reflects softening international oil prices while petrol and diesel prices remained unchanged this month as well. ATF price is usually revised on the first of every month based on the average rate of international benchmark and foreign exchange rates.

 Check the latest ATF prices

The ATF prices in Delhi have been reduced by Rs4,606 per kilolitre, or 4.09 per cent, to Rs107,750.27 per kl, according to a price notification of state-owned fuel retailers.

In February, ATF prices witnessed an increase in the price to Rs1,12,356.77 per kl in the national capital.

In Kolkata, the price will be Rs1,15,091.33 per kl while in Mumbai and Chennai, it will be Rs 1,06,695.61 and Rs 1,12,497.99, according to the price change mentioned in the Indian Oil Corporation website.

In January, the jet fuel price was slashed to Rs1,08,138.77 per kl from Rs1,17,587.64. Prior to that, the price was slashed by 2.3 per cent on December 1 and 4.19 per cent on November 1.

Meanwhile, petrol and diesel prices remain unchanged for the record tenth month in a row. Petrol now costs Rs 96.72 per litre in the national capital and diesel is sold at Rs89.62.

State-owned fuel retailers are expected to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices.

Last time, prices were changed on May 22 when the government cut excise duty to give relief to consumers from a spike in retail rates that followed a surge in international oil prices.

Last year on 21 May 2022, Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

Oil prices rose for a second day on Wednesday as reports of expanding manufacturing activity in China, the world’s biggest crude importer, boosted the outlook for global fuel demand. Brent crude oil for May was up 24 cents, 0.3 perc ent , to 83.69 a barrel. The April contract expired on Tuesday up $1.44, or 1.8 per cent, at $83.89.