Markets Business Research Reports Exclusives Economy & Finance Law & Policy

Indian Oil Reduces Jet Fuel Prices to Lowest in Seven Months

The ATF price in Delhi was cut to Rs 68,050.97 a kiloliter on Dec. 1, an 11 percent reduction from a month earlier.

Pratik Parija

(Bloomberg) -- Indian Oil Corp., the country’s biggest fuel retailer, cut jet fuel prices for domestic and international carriers.

The price in Delhi for domestic airlines was cut to 68,050.97 rupees a kiloliter on Dec. 1, an 11 percent reduction from a month earlier, according to a statement by the state-run company. That is the lowest since May 1, data from Indian Oil show. The rate reached a five-year high in November.

The following table shows prices per kiloliter for domestic carriers in top cities, in rupees:

group> class="news-rsf-table-string" /> class="news-rsf-table-number" data-rsf-precision="2" /> class="news-rsf-table-number" data-rsf-precision="2" />
CitiesDecemberNovember
Delhi68,050.9776,378.80
Kolkata73,393.5581,441.06
Mumbai67,979.5876,013.20
Chennai69,216.6177,521.63

The following table shows prices per kiloliter for overseas carriers in top cities, in U.S. dollars:

group> class="news-rsf-table-string" /> class="news-rsf-table-number" data-rsf-precision="2" /> class="news-rsf-table-number" data-rsf-precision="2" />
CitiesDecemberNovember
Delhi696.94777.42
Kolkata747.31823.49
Mumbai705.93782.96
Chennai684.28761.21

©2018 Bloomberg L.P.

Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES

RECOMMENDED FOR YOU

CFO Leaders: The Making Of Five Star CFOs 
timelogo Jan 14, 2021
Stocks Rise, Treasuries Fall on Stimulus Bets: Markets Wrap
timelogo Aug 19, 2019
Stocks End Record-Setting Week With Further Gains: Markets Wrap
timelogo Jul 15, 2019
The Mutual Fund Show: The Dos And Don’ts Of Online Investing
timelogo Apr 27, 2019

POPULAR

1
Investcorp To Acquire NSE's Digital Technology Services Business For Rs 1,000 Crore
2
ASK Property Fund Earns 20% Annual Return On QVC Realty Projects
3
Nirmala Sitharaman Stresses Importance Of Stable Government For India's Development Goal
4
Isidro Pablo Porqueras Orea Joins IndiGo As Chief Of Transformation
5
Stock Market Today: Sensex, Nifty Resume Uptrend After One-Day Drop As Bank Stocks Rally