(LiveMint)
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 1 December, an 11% reduction from a month earlier, according to a statement by the state-run company. That is the lowest since 1 May, data from Indian Oil show. The rate reached a five-year high in November.
