ATF price reduced for sixth straight month by cumulative 34% till January 2015
Oil marketing companies (OMCs) reduced aviation turbine fuel (ATF) price for sixth succeeding month in January 2015. A kilolitre of ATF will cost Rs 7520, or 12.5%, less at Rs 52423 in Delhi with effect from 1 January 2015, according to Indian Oil Corp, the nation's largest fuel retailer.ATF price was down Rs 7861, or 11.3%, to Rs 61525 per kilolitre (kl) in Kolkata. Meanwhile, it dropped by Rs 8099, or 12.4%, to Rs 57457 per kl in Chennai, and cut by Rs 7833, or 12.7%, to Rs 53862 per kl in Mumbai.
Rates at different airports vary because of differential in local sales tax or value-added tax (VAT). ATF forms around 47%-58% of the revenue of domestic players.
The three fuel retailers - IOC, Hindustan Petroleum and Bharat Petroleum - revise jet fuel prices on the first day of every month, based on the average international price in the preceding month.
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