The Indian government has cut aviation turbine fuel prices.

The jet fuel price was reduced by 4% and commercial LPG rates were lowered marginally. The reductions are the third consecutive monthly decrease in jet fuel prices. Fuel makes up for 40% of an airline's operating cost, and these reductions will help financially stressed airlines. State-owned fuel retailers have not revised petrol and diesel prices since April 6, 2022. Commercial LPG cylinder prices were reduced in three metropolitan cities but remained unchanged in Hyderabad. Domestic LPG prices remained unchanged at Rs 903 per 14.2-kg cylinder.

January 01, 2024
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