ATF price cut by 5.8%; subsidised LPG by `3

New Delhi: Jet fuel price was on Monday cut by a steep 5.8 per cent to a four-month low on softening international oil prices, according to state-owned fuel retailers.

Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 3,806.44 per kilolitre to Rs 61,200.36 per kl. This is the second straight monthly price reduction.

In Mumbai, home to country's busiest airport, ATF price was cut to Rs 61,199.79 per kl from Rs 64,946.04 per kl, according to a price notification issued by oil companies.

Rates were last cut by a marginal Rs 61.05 per kl on June 1.

Reduction in ATF rates will bring relief to cash strapped airlines.

Simultaneously, oil firms also cut the price of cooking gas LPG.

Subsidised LPG rate was reduced by Rs 3.02 per 14.2-kg cylinder to Rs 494.35 in Delhi. In Mumbai, the subsidised 14.2-kg bottle will cost Rs 492.04 as compared to Rs 495.09 till Sunday.