NEW DELHI : Amid a slump in crude oil market due to the global spread of coronavirus and related lockdowns in several countries, petrol and diesel rates continued to be frozen for the 50th day today.
Oil marketing companies have, however, cut the price of jet fuel (ATF) by a steep 23.2% or ₹6,812.62 per kilolitre to ₹22,544.75 per kl in Delhi.
ATF, which is used as a fuel in aeroplanes, now costs less than one-third of the price of petrol used in cars and two-wheelers.
This the steepest cut ever and sixth reduction in ATF prices since February. Since February, jet fuel prices have been cut by almost two-thirds.