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

Updated : Jun 01, 2023 16:36
|
Editorji News Desk

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. 

aviation

Recommended For You

editorji | Business

How Does a Critical Illness Policy Work? Coverage, Claims & Benefits Explained

editorji | Business

Sensex Falls 252 Points, Nifty Slips as Crude Oil Tops $106

editorji | Business

Sensex Jumps Over 1,100 Points, Nifty Gains 1.6% as IT Stocks Rally

editorji | Business

Sensex falls 429 points, Nifty slips 173 points after RBI rate hike

editorji | Business

RBI raises repo rate by 25 bps to 5.50%, shifts policy towards tightening