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)

Indian Oil Reduces Jet Fuel Prices to Lowest in Seven Months

(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

©2018 Bloomberg L.P.