Business
Jet fuel costs plummeted following cuts to petrol and diesel
Following large reductions in the price of petrol and diesel, the government has lowered the price of jet fuel, which has raised anticipation for cheaper airfares.
Jet fuel is now priced at Rs238.87 per litre after a price reduction of Rs56.97 per litre, according to reports.
According to sources, a drop in jet fuel prices could result in lower airfares, which would benefit travellers.
This comes one day after the government announced significant price reductions for petrol and diesel, lowering them by Rs74.28 and Rs67.31 per litre, respectively.