February 15, 2012. State-owned oil companies cut jet fuel prices by a marginal Rs.350 per kilolitre, the second reduction in this month. The price of aviation turbine fuel (ATF), or jet fuel, in Delhi was cut by Rs.350.7 per kilolitre (kl), or 0.5 per cent, to Rs.62,557.12 per kl. The reduction comes on back of a 3 per cent cut in rates effected from February 1. In Mumbai, ATF will cost Rs.63,499 per kl, as against the current rate of Rs.63,864.31 per kl. Jet fuel constitutes about 40 per cent of an airlines' operating cost and the reduction in prices will slightly ease the burden on cash-strapped airlines.