(Bloomberg) -- Indian Oil Corp., the country's biggest fuel retailer, cut jet fuel prices for domestic and international carriers.
The price in Delhi for domestic airlines was cut to 68,050.97 rupees a kiloliter on Dec. 1, an 11 percent reduction from a month earlier, according to a statement by the state-run company. That is the lowest since May 1, data from Indian Oil show. The rate reached a five-year high in November.
The following table shows prices per kiloliter for domestic carriers in top cities, in rupees:
| Cities | December | November |
|---|---|---|
| Delhi | 68,050.97 | 76,378.80 |
| Kolkata | 73,393.55 | 81,441.06 |
| Mumbai | 67,979.58 | 76,013.20 |
| Chennai | 69,216.61 | 77,521.63 |
The following table shows prices per kiloliter for overseas carriers in top cities, in U.S. dollars:
| Cities | December | November |
|---|---|---|
| Delhi | 696.94 | 777.42 |
| Kolkata | 747.31 | 823.49 |
| Mumbai | 705.93 | 782.96 |
| Chennai | 684.28 | 761.21 |
--With assistance from Debjit Chakraborty.
To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net
To contact the editors responsible for this story: Stanley James at sjames8@bloomberg.net, Jason Gale, Cecile Vannucci
©2018 Bloomberg L.P.
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