Oil firms cut ATF prices by 4.3 pc

NEW DELHI: State-run oil firms on Thursday cut ATF or jet fuel prices by 4.3 per cent in view of halving of the customs duty on the fuel to five per cent.

From Thursday, ATF in Delhi will cost Rs 66,226.66 per kilo litre, down Rs 3,000.42 per kl, while in Mumbai the price has been cut by 4.36 per cent to Rs 68,626.87 per kl, an Indian Oil official said.

The prices have been cut after the Finance Ministry reduced customs duty on ATF to five per cent from 10 per cent previously.