Aviation turbine fuel prices reduced by 11%

December 15, 2008 Comments Off on Aviation turbine fuel prices reduced by 11% 166 Views

Aviation turbine fuel (ATF) prices have been slashed by over 11 per cent by state-run oil companies.

This is the seventh straight reduction since September as price surged to an all time high of Rs 71,028.26 a kilolitre (in Delhi) in August.

ATF in Delhi has been cut by Rs 4,208.37 to Rs 32,691.28 a kilolitre effective midnight tonight, said an official of Indian Oil Corporation (IOC). In Mumbai, the home to nation`s busiest airport, ATF will cost Rs 33,719.46 a kilolitre from tomorrow against Rs 38,103.19 a kilolitre at present.

From its all time high in August 2008, fuel prices have now reduced by 54 per cent.

Surely the airlines should also reduce their fuel surcharges by the same 54 per cent, i.e. from a high of Rs. 3,350 to Rs. 1,541.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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