Indian Oil Corporation and other public sector retailers including Hindustan Petroleum and Bharat Petroleum are likely to cut jet fuel prices by about Rs 6,000 per kilo litre from midnight tonight.
Jet fuel prices would be cut in line with the softening of international oil prices, IOC Chairman Sarthak Behuria said.
"The reduction would be about Rs 6,000 per Kl," he said, adding that the exact quantum of the cut would be announced later in the evening after the companies compute the new prices based on the average rates for second fortnight of October.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app