Effective ATF price now stands at Rs 110 per litre, down from Rs 115 per litre.
New Delhi:
The Centre has revised export duties on petrol, diesel and aviation turbine fuel (ATF) from July 1, while keeping excise duty on petrol and diesel sold in the domestic market unchanged.
It has also reduced the price of ATF supplied to domestic airlines by Rs 5 per litre. As a result, the effective ATF price now stands at Rs 110 per litre, down from Rs 115 per litre.
On a bulk basis, the price has been lowered to Rs 1.10 lakh per kilolitre from Rs 1.15 lakh per kilolitre, offering some relief to domestic carriers on fuel costs.
Notably, the government reviews these rates biweekly based on average international prices of crude oil. The last revision took place on June 16.
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