The price of aviation turbine fuel (ATF), or jet fuel, has been reduced by about 3 per cent on softening international oil rates - the first reduction in two months.
ATF price at Delhi was reduced by Rs. 2169.13 per kilolitre, or 2.8 per cent, to Rs. 74,072.20 per kl, according to Indian Oil Corp, the country's largest fuel retailer.
The reduction follows two rounds of price hikes - Rs. 597.48 per kl, or 0.8 per cent, increase on December 1, 2013 and Rs. 2,036.59 per kl, or 2.74 per cent, hike on January 1, 2014.