In our earlier article which we published 2 days before which mentioned about the falling-global-crude-oil-price . Yesterday we saw the impact on as Petrol price cut by Rs 2.41 per litre, diesel by Rs 2.25 ,Petrol will cost Rs 64.25 a litre in Delhi from tomorrow as against Rs 66.65 currently. In Mumbai, the rate will be cut by Rs 2.55 a litre to Rs 71.91.
All the airlines are happy with the price cut.This will definitely give a relief to all the airlines.
“This ATF price reduction is therefore a welcome step in the right direction. Fuel is 45-50% of airline costs in India”..Spicejet COO twitted.
The sensex is at all time high.The BSE Sensex rose 1.90% to 27,865 points while the NSE Nifty was up 1.87% at 8,322 yesteday.
The revised ATF prices are likely to be around 63000 per KL after this reduction.