Oil firms slash ATF prices by 8%

New Delhi: Public sector oil firms on Tuesday slashed aviation turbine fuel (ATF) prices by 7.9% in line with fall in international oil prices. Jet fuel or ATF prices for domestic airlines, which have to pay local sales tax, was cut by Rs 3,179.9 per kilo litre to Rs 37,123.92 per kilo litre in Delhi, an Indian Oil Corp (IOC) official said.
In Mumbai, the prices were cut from Rs 45,837.72 per kilolitre to Rs 42,511.80 per kilo litre. The reduction comes into effect from October 31 midnight.
For international airlines, which do not have to pay sales tax, ATF prices were cut by $53.62 per kilo litre to $621.68 per kilo litre in Delhi, while in Mumbai, they fell from $704.48 per kilo litre to $650.64 per kilo litre.
Public sector companies—Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL)—revise ATF prices on the first of every month in line with movement in international prices.
31/10/06 PTI/Financial Express

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