India, July 1 -- Price for aviation turbine fuel (ATF) or jet fuel was reportedly cut by Rs.5 per litre on Wednesday, a development that comes amid softening international oil prices due to the pause in fighting in West Asia.

Aviation turbine fuel (ATF) now costs Rs.110 a litre in Delhi, PTI news agency reported, citing industry sources.

This is the first reduction since the West Asia crisis led to a spike in jet fuel rates to a record high and comes amid easing of tensions in the region that was rocked by missile-drone exchange between US-Israel and Iran. The fire exchange brought to a halt movement of vessels in Strait of Hormuz, key waterway through which a fifth of world's oil and gas requirements travelled before the US-Iran war. ...