Read More@ Financial Express
Aviation turbine fuel (ATF) prices were slashed by a steep 10.3% to Rs 56,859.01 per kilolitre, as international oil prices slumped on fears of the spread of coronavirus. This is the second straight reduction in ATF rates in as many months. At the same time, the rates of non-subsidised cooking gas (LPG) were cut by Rs 53 to Rs 805.50 per 14.2-kg cylinder from Rs 858.50 earlier. As the international oil prices have fallen, the government's subsidy payout will fall by almost Rs 50 per cylinder to Rs 240.