Jet fuel (ATF) price was, on Wednesday, cut by 4 per cent, reflecting softening international oil prices but petrol and diesel rates remain unchanged for the eleventh consecutive month.
Petrol diesel prices were last changed on May 22 when the government cut excise duty.
Aviation turbine fuel (ATF) price was reduced by ₹4,606 per kilolitre, or 4.09 per cent, to ₹107,750.27 per 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 aviation turbine fuel(ATF) in February to ₹1,12,356.77 per kl in the national capital.
For airlines, fuel constitutes 40% of total operating cost. But the big question is, will this be passed on to consumers resulting in a reduction in air ticket prices?