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Jet fuel prices come down by 4 per cent

Bapun Raz

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For the second fortnight in a row, state-owned oil companies cut jet fuel prices by about 4 per cent after international oil rates cooled off from a two-year high, according to a repoort in The Free Press Journal.

Aviation turbine fuel (ATF) in Mumbai, home to the nation's busiest airport, was slashed to Rs 57166.96 per kl from Rs 59602 per kilolitre. Jet fuel rates came down for the first time in eight months on May 16, when prices were reduced by 2.9 per cent.

Fuel cost accounts for 40 per cent of airlines' operating cost and rates vary from airport to airport depending upon the local sales tax.

http://www.travelbizmonitor.com/jet-fuel-prices-come-down-by-4-per-cent-13575
 
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