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Highlights

  • The price of ATF was reduced by 7%
  • Delhi's jet fuel prices dropped to ₹89,303 per kl
  • The price of petrol and diesel remained unchanged

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Jet fuel prices reduced by 7% after falling global crude rates; petrol, diesel prices unchanged

Every month on the first, the ATF prices are updated depending on the average of global benchmark and foreign exchange rates

Updated: Sep 02, 2022 10:53
|

Editorji News Desk

Jet fuel prices reduced by 7% after falling global crude rates; petrol, diesel prices unchanged

The price of ATF was reduced by 7% in line with global trends and softening crude prices.

As a result, Delhi's jet fuel prices dropped ₹6,632 per kilolitre to ₹89,303 per kl.

This is the fourth straight monthly reduction in rates. Last time round, prices were cut by 2.45% on May 1st.

ATF prices are revised on the 1st of every month based on the average rate of international benchmark and foreign exchange rates.

International oil prices have erased all gains made since OPEC+ producers announced a surprise production cut earlier in April.

Petrol and diesel prices, meanwhile, were unchanged for a record 14th month in a row.

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