Aviation Turbine Fuel has seen a price drop in Delhi from 98,349.95/kL to 95,935.34/kL, giving the airline sector much-needed relief.
Every month on the first, the ATF price is updated depending on the average of global benchmark and foreign exchange rates.
Prior to that, on March 1, the price of jet fuel (ATF) was dropped by 4% in response to a decline in global oil prices, but the price of petrol and diesel remained unchanged for a record-breaking eleventh consecutive month.
On January 1, the cost was down from $1,17,587.64 to $1,08,138.77 per kilo. Prior to that, on December 1 and November 1, respectively, the price was reduced by 2.3% and 4.19%, respectively.
However, following a pan-India revision on May 21 of last year, fuel prices in major cities remained unchanged on Sunday.