All major OMCs such as Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation announce revisions in the rate of both LPG and ATF at the star of every month.
The firm made the suggestion in its comments to oil regulator PNGRB’s draft regulation calling for supply of ATF in all existing and future airports through pipelines that can be accessed by any supplier so as to bring in competition and cut fuel cost.
This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.
The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — was hiked by Rs 277.5 per kilolitre, or 0.2 per cent, to Rs 1,13,202.33 per kl (Rs 113.2 per litre) in the national capital
There has been FDI buzz surrounding Jet, Kinigfisher and even Spicejet, but, nothing so far on go air. Even though most industry watchers say the low cost carrier is one of the better placed Indian Airlines to attract a foreign investor.