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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.

Indian Oil Reduces Jet Fuel Prices to Lowest in Seven Months
An Airbus SAS A320 aircraft operated by IndiGo flies over slum housing as it approaches to Chhatrapati Shivaji International Airport in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

(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:

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:

CitiesDecemberNovember
Delhi696.94777.42
Kolkata747.31823.49
Mumbai705.93782.96
Chennai684.28761.21

--With assistance from Debjit Chakraborty.

To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net

To contact the editors responsible for this story: Stanley James at sjames8@bloomberg.net, Jason Gale, Cecile Vannucci

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