Aviation | Indian Oil reduces ATF prices by 1.1%

Aviation | Indian Oil reduces ATF prices by 1.1%

New Delhi: Indian Oil Corp. Ltd, the nation’s largest refiner, will decrease jet fuel prices by 1.1% starting Tuesday, a company official said.

The price in Mumbai, home to the country’s busiest airport, was reduced to Rs41,237 a kl from Rs41,710.28, the official said in a text message, asking not to be identified until the figures are posted on Indian Oil’s Web site.

Jet fuel is the largest component of costs for carriers such as Jet Airways (India) Ltd.

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