Jet fuel now cheaper than petrol and diesel

Due to a decline in international rates, Aviation Turbine Fuel (ATF) prices were cut by a record 14.7 percent on January 1, 2019. The price reduction has made ATF cheaper than petrol and diesel in most parts of the country.
As per a price notification issued by state-owned oil companies, the price of ATF was slashed by Rs 9,990 per kilolitre (14.7 percent), to Rs 58,060.97 per kilolitre. This marks the largest single price cut ever for the fuel in India. Jet fuel prices were reduced earlier as well on December 1, 2018 by Rs 8,327.83 per kilolitre (10.9 percent).
USD, 0.98 per litre.
The two consecutive price cuts have brought down ATF rates to its lowest point in a year, providing relief to cash-strapped airlines. ATF rates are revised on the first of every month by state-owned fuel retailers. The rate is based on average international oil rate and the Rupee-US Dollar exchange rate in the preceding month.

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