ATF PRICES CUTTED DOWN BY 4.1 PERCENT.............


The price of  (ATF), or jet fuel, at Delhi was cut by Rs 2,594.93 per kilolitre, or 4.1 per cent, to Rs 59,943 per kl. This is the fifth straight monthly reduction in rates. 
This reduction follows a steep 7.3 pr cent or Rs 4,987.7 per kl, cut in prices on November 1. 

Since August, ATF prices have been cut by 14.5 per cent or Rs 10,218.76 per kl and rates have dipped below Rs 60,000 per kl level for the first time in three years. 


Brent, the benchmaRCH  grade for more than half of the world's oil, have dropped to USD 68.34 a barrel, the lowest level since October 2009. Prices declined 18 per cent last month and are 38 per cent lower in 2014. 

In Mumbai, jet fuel will cost Rs 61,695 per kl from today as against Rs 64,414.98 per kl previously. The rates vary because of differences in local sales tax or VAT. Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will ease the financial burden of cash-strap .. The three fuel retailers -- IOCBSE -2.05 %, Hindustan Petroleum Corp and Bharat Petroleum Corp -- revise jet fuel and non-subsidised LPG prices on the first of every month, based on the average international prices in the preceding month. 

Yesterday, oil companies had cut petrol price by 91 paisa a litre and diesel by 84 paisa per litre. The seventh reduction in price since August has meant that petrol costs Rs 63.33 a litre in Delhi, Rs 10.27 per litre less than what it cost in July. .. 

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