ATF price cut by 4% to Rs 1.07 lakh per kilolitre

ATP prices: The prices of jet fuel have been reduced by four per cent from today (May 1). Jet fuel, also known as aviation turbine fuel (ATF), prices are revised on the 1st of every month based on the average international benchmark rate and foreign exchange rates.

ATF price was reduced by Rs 4,606 per kilolitre, or 4.09 per cent, to Rs 107,750.27 per kilolitre (kl) in the national capital, according to a price notification of state-owned fuel retailers.

The reduction is followed by an increase in the price of ATF in February to Rs 1,12,356.77 per kl in the national capital. In Kolkata, the price will be Rs 1,15,091.33 per kl while in Mumbai and Chennai, it will be Rs 1,06,695.61 and Rs 1,12,497.99, respectively.

Fuel retailers are supposed to revise petrol and diesel prices daily based on a 15-day rolling average of benchmark international fuel prices but they last did that on April 6, 2022.

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