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New Delhi, Nov. 3 The price of aviation turbine fuel (ATF) is set to fall by more than Rs 2,000 a kilolitre in the four metros. This follows the public sector oil companies implementing the Government decision to abolish the 5 per cent customs duty on ATF.

The reduction announced on Monday is the second downward movement in ATF prices in the past three days. On October 31 the public sector oil companies announced a 15-17 per cent reduction in ATF prices being sold at the four metros reflecting the global dip in oil prices. The October 31 decision saw ATF prices dip by around Rs 9,000 a kilolitre in the four metro cities.

The domestic air traveller will have to wait to see whether travel becomes cheaper. Despite the dip in oil prices, the domestic airline industry is yet to take a decision on whether it will lower the fares or surcharges being levied.

More Stories on : Petroleum | Airlines

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