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The Hindu

National

PTI

ATF price cut by steep 12%; commercial LPG reduced by ₹36

Jet fuel (ATF) prices on Monday were cut by the steepest ever 12%, the second reduction in as many weeks, on softening international oil prices amid recessionary fears.

Aviation turbine fuel (ATF) prices were cut by ₹16,232.36 per kilolitre, or 11.75%, to ₹121,915.57 per kl in the national capital, a price notification of state-run retailers showed.

This is the steepest ever reduction in rates and follows a ₹3,084.94 per kl (2.2%) reduction effected on July 16.

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